A seminar organised by Crowe Clark Whitehill to provide an update on the changing Financial Reporting Standards required under the new UK GAAP, (Generally Accepted Accounting Practice in the UK), has been hailed a success.
More than 150 accountancy professionals gathered at the Claremont Hotel, Douglas, for the seminar which built on the firm’s introductory UK GAAP ‘call to action’ session held in May 2015.
Director Debbie Clague said: ‘Crowe Clark Whitehill strongly believes in supporting clients and industry in whatever way we can.
‘We saw this seminar, which we offered free of charge, as a means to help clients and professionals alike with the complexities of these latest FRS (Financial Reporting Standards) requirements.
‘You want to be able to rely on your accountants to fully understand and apply the new standards, and we wanted to share our experiences in dealing with their application so far.
‘Financial reporting is continually changing and Crowe Clark Whitehill is here to help clients and companies respond to those changes.
‘By arranging this seminar, Crowe Clark Whitehill’s aims were to bring clarity to the key issues, identify areas of common concern and alert clients and professionals to the consequences and implications of the changes to UK GAAP to help them to make informed decisions.
‘Judging from the level of positive feedback we’ve received, we have hopefully succeeded in achieving those aims.’ www.crowecw.im