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Abstract

Psychology and Psychotherapy: Research Study

FRS105

Submission: August 26, 2019;Published: September 11, 2019

Abstract

In 2015 The standard FRS 105 was introduced for micro entities eligible under company law in the UK. FRS 105 generally follows the principles applied to the main accounting standard in the UK and Republic of Ireland (FRS 102). It is further simplified in terms of recognition, measurement and disclosure. By asking four relevant questions we will empirically assess the extent that the new micro company regime has been taken up in the UK. In this report we used FAME database to empirically test the questions.

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