Example Definitions of "U.K. GAAP"
U.K. GAAP. Statements of standard accounting practice (including financial reporting standards) issued pursuant to Section 256 of the Act by the Accounting Standards Board or such other body prescribed by the Secretary of State pursuant to the said Section 256, the legal principles set out in Schedules 4 and 4A to the Act, rulings and abstracts of the Urgent Issues Task Force of the Accounting Standards Board and guidelines, conventions, rules and procedures of accounting practice in the United Kingdom... which are regarded as permissible by the Accounting Standards Board. View More
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