CCAB issues revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP)

Effective for periods commencing on or after 1 July 2024 with early adoption permitted.

CCAB has today published a new edition of the LLPs SORP. The underlying purpose of the SORP is to deal with issues that are specific to LLPs and ensure that, as far as possible, LLPs present financial statements that are comparable with those of other entities.