questionText: To ask the Secretary of State for Business and Trade, what estimate he has made of the average annual cost to businesses of transitioning from small to medium-sized company status due to accounting changes under FRS 102; and what assessment he has made of the potential impact of those costs on SMEs.
answerText: FRS 102 is issued by the Financial Reporting Council (FRC) and the responsibility for any detailed assessment of the impact of changes in FRS 102 rests with the FRC. Impact assessments are available on the FRC’s website: Impact Assessments and Feedback St...
heading: Small Businesses: Accountancy