Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships 2019

CCAB has published an updated draft Statement of Recommended Practice (SORP) on accounting by Limited Liability Partnerships (LLPs) for comment by 17 October 2018.

The SORP applies UK generally accepted accounting practice (GAAP) to LLPs incorporated in the UK and the Republic of Ireland. The changes will be effective for financial years beginning on or after 1 January 2019.