The update from the Bank of England is in association with a seminar on the new financial reporting standard for the UK, FRS 102, which many businesses are still struggling to come to terms with despite it now being in place.
The session will be led by partners Michael Jayson and Vicky Szulist from Crowe Clark Whitehill and supported by Brian Sloan, deputy agent for the region.
Crowe Clark Whitehill office managing partner Michael Jayson said: “We have received considerable interest from the business community eager to understand the new FRS 102
“Brian will provide a particularly pertinent overview of the economic prospects for the North-west at a challenging time generally for the UK.”
The event is for finance directors, chief executives and senior managers in finance-related roles who need to keep abreast of developments.
The seminar is designed to meet the continuing professional development needs of accountants working outside the profession. Topics include practical changes on transition, the tax impact, exemptions and future developments.
It became effective, for the first time for those companies with accounting periods commencing on or after January 1, 2015, i.e. ending on or after December 31, 2015.
The event, which is free to attend, takes place on Tuesday, May 10, beginning with registration at 9.30am.