Accounts and Audit of Limited Liability Partnerships
Accounts and Audit of Limited Liability Partnerships gives comprehensive guidance on how to apply UK GAAP to limited liability partnerships and takes readers through all the requirements for LLP accounting as a result of the implementation of FRS 102 and FRS 105 and the revised LLP SORP (Dec 2021).
The book includes sets of pro-forma accounts (in particular in relation to the LLP SORP) for both groups and single LLPs and uses practical tips, worked examples and best practice principles throughout to ensure understanding.
Accountants and tax advisers will not only benefit from specialist guidance covering all aspects of an LLP but the book also includes invaluable information on the key company law and taxation issues.
Accounts and Audit of Limited Liability Partnerships has been updated to include:
- Content brought in line with latest versions of Financial Reporting Standards and International Standards on Auditing
- Updates concerning the energy and carbon report for large LLPs (2.16)
- Inclusion of ISQMs and clarification that ISQM 1 will supersede ISQC 1 (4.2)
- Updated in line with the latest LLP SORP (Dec 2021) clarifying the accounting treatment in respect of losses and drawings (5.1)
- In Chapter 12 on Business Combinations - updates to the purchase method of accounting to include all five steps rather than the three in prior editions of FRS 102 (12.3)
- In Chapter 14 on Micro-entities - updates to the disclosure requirements so they are aligned to the 2022 edition of FRS 105 (14.7)
Steve Collings FCCA
Steve Collings FCCA is a director at Leavitt Walmsley Associates, Chartered Certified Accountants based in Sale, Cheshire where he trained and qualified. Steve is the author of several titles for Bloomsbury Professional including Group Accounts under UK GAAP, Financial Reporting for Unlisted Companies in the UK and Republic of Ireland and Financial Statements: Presentation and Disclosure Requirements. Steve has close connections with various professional bodies producing authoritative material, articles and courses and represents the Association of Accounting Technicians on the CCAB and Technical Partners Committee at the Financial Reporting Council.