Statement of Recommended Practice Accounting by Limited Liability Partnerships

CCAB has been designated the SORP making body on accounting by Limited Liability Partnerships (LLPs) and undertakes an annual review under the auspices of 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