Statement of Recommended Practice Accounting by Limited Liability Partnerships 2019

Effective for periods commencing on or after 1 January 2019.

CCAB has published a new edition of the SORP on Accounting by Limited Liability Partnerships (LLPs) following approval by the Financial Reporting Council (FRC). 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.