PwC launches pocket guide to small firms’ financial reporting standards

TO HELP businesses cope with required changes in the preparation of accounts, PricewaterhouseCoopers has launched the Pocket Guide to International Financial Reporting Standards (IFRS) for small to medium sized firms.

Issues raised by the proposed new standards for SMEs are dealt with in the book, intended as a practical and easy-to-read summary of the new reporting guidelines.

PwC said the recent proposals made by Britain’s Accounting Standards Board (ASB), meant the current rules are due to replaced by new IFRS for small to medium sized business.