UITF Abstract 43 Interpretation of Equivalence S228A CA 1985
Issued October 2006. Effective October 2006.
UITF Abstract 43 has been superseded by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland for accounting periods beginning on or after 1 January 2015. For more information visit:
Synopsis
The consensus is that when assessing whether consolidated accounts of a higher non-EEA parent are drawn up in a manner equivalent to those under the Seventh Directive, it is necessary to consider whether they meet the requirement of the Fourth and Seventh Directives, in particular the requirement to give a true and fair view.
Last updated 21 June 2015