The future of UK & Irish GAAP - Are you ready?

Current UK and Irish GAAP is coming to an end, and companies based in Ireland and the UK will need to address the challenges that this change in financial reporting will bring.

Companies will need to decide between applying IFRS as adopted by the EU, or the new Financial Reporting Standard for Medium-size Entities (FRSME), which is based on IFRS for SMEs.

The proposals are being developed by the Accounting Standards Board (ASB), who issued two Financial Reporting Exposure Drafts, FRED 43 and FRED 44, in October 2010. Following the comment period on these FREDs, the ASB is currently working through the issues that were raised.

Our experienced panel of professionals will update you on the latest developments, including:

• What preparers, users and auditors are saying, what's under debate and how you can influence the agenda
• The business implications beyond accounting, such as what the changes mean for tax and distributable reserves
• The strategic decisions you should take into account in planning for conversion, such as IFRS or FRSME? Ireland-only or worldwide? Topside adjustments or process integration?

If you're in business in Ireland, or have subsidiaries located there, join this webcast and you'll be able to put questions to our panel, take part in our interactive polling and help shape the debate on the future standards.