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Accounting for authorised funds

Published: 08 Mar 2016 Updated: 04 Dec 2023 Update History

Accounting for authorised funds is a specialist area that requires expertise and an understanding of the industry. On this page you can access a range of articles, books and online resources providing quick links to Statements of Recommended Practice, guidance and news.

Statements of Recommended Practice (SORPs)

Issuing body

The Investment Association (previously known as the Investment Management Association) took over the role of SORP-making body from the Financial Services Authority in November 2002.

Sources for the SORP and associated guidance

Amendments to the Statement of Recommended Practice: Financial Statements of UK Authorised Funds
Amendments issued in June 2017 by the Investment Association to reflect changes to FRS 102.

Statement of Recommended Practice: Financial Statements of UK Authorised Funds
Revised SORP originally issued in May 2014 by the IMA.

Statement of Recommended Practice: Financial Statements of UK Authorised Funds – Additional Guidance
Guidance originally issued by the IMA in December 2015 to supplement the SORP.

Useful links

Background information from the Investment Association on the development of the SORP.

Archived documents

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles and books in the ICAEW Library collection

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