Revised LLP SORP (FRS 102) for periods on or after 1.1.16

Article ID

ias-12392

Article Name

Revised LLP SORP (FRS 102) for periods on or after 1.1.16

Created Date

21st March 2017

Product

IRIS Accounts Production

Problem

Revised LLP SORP (FRS 102) for periods on or after 1.1.16

Resolution

The LLP SORP has been updated to reflect the new LLP Regulations and recent changes to UK accounting standards. The updated SORP is effective for periods commencing on or after 1st January 2016. Early adoption is permitted for accounting periods beginning on or after 1st January 2015 provided that The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (SI 2016/575) are applied from the same date. These changes are now available within version 17.1.0 which is now available to download from our website. To view the press release for the revised SORP please click on the following link: LLPs SORP.