FRC Consultation on Sharman Implementation

FRC Consultation on Sharman Implementation

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FRC Consultation on Sharman Implementation

The Sharman Panel recognises that assessing going concern requires prudent accounting policies, and that this assessment is not consistent with IFRS in several material respects. In LAPFF’s opinion, the parties who have been setting and endorsing accounting standards have been missing the fundamentals of prudent accounting and true and fair view altogether.

LAPFF response to the FRC on the Sharman implementation

LAPFF