UK companies listed on an EU regulated market are required to prepare their consolidated financial statements in accordance with EU adopted IFRS (IFRS), complying with all relevant standards.
The rules of certain recognised stock exchanges that are not subject to the EU IAS Regulation have mandated the use of IFRS in the consolidated financial statements of entities listed on those particular exchanges. For example, the AIM rules require an AIM company incorporated in an EEA country to prepare its consolidated financial statements in accordance with IFRS.
Standards recently introduced
Recent changes which affect accounts prepared under IFRS
- Changes to company law for medium/large companies applying IFRS
- Changes to company law for small entities applying IFRS
- IFRIC 23: accounting for uncertain tax treatments
- Amendments to IFRS 9 and IAS 28