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 Section 1A of FRS 102 - PLC

  • 08-03-2018 11:28am
    #1
    HcksawJimDuggan
    Registered Users, Registered Users 2 Posts: 394 ✭✭


    Is there any restriction on a PLC preparing financial statements under Section 1A of FRS 102 provided they meet the qualifying conditions?

    I understand the following are restricted:
    1.a company falling within any provision of Schedule 5 of the Act (e.g. authorised investment firm,  insurance  intermediary  of  any  other  company  carrying  on  of  business  by  which  is required to be authorised by the Central Bank); or
    2. a company that is a credit institution or insurance undertaking; or
    3. a company with securities regulated on a regulated market; or
    4.a holding company of a small group even where the group meets the thresholds where any ofthe entities in the group come within points 1, 2 and 3 above (this only effects the holdingcompany and not the other companies within the group (other than a company that comeswithin the remit of points 1‐3 above)).

    However, no mention of a PLC!!

    Cheers,
    Hcksaw.


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