Live Webinar (if a future date is listed) with Q&A
The Recording of the Event
Supporting Materials
Objectives
This webinar will look at the implications of operating as an LLP and update practitioners on new developments.
Key Topics
The session is designed to explain all the most significant implications of operating as an LLP and will cover the following:
The Regulatory Framework – key requirements of the Companies Act 2006 and the importance of the Members’ Agreement. Tax implications of operating as an LLP
The content of the annual report and the responsibilities of members (including the role of Designated Members) regarding such information.
General accounting requirements of UKGAAP (FRS 102) the LLP SORP.
Key financial reporting issues; including:
Financial reporting specific to LLPs
Members remuneration and interests including capital contributions and undrawn profits
WIP, provisions and revenue recognition for professional services firms
Retirement benefits and members annuities
Other topical issues such as going concern
Who should attend
This session is primarily focused to be of benefit to accountants and auditors who act for LLPs.
