This book addresses recent changes in EU law and is a useful addition to the Financial Reporting for Smaller Companies online service. The FRC is proposing to issue a new accounting standard for micro-entities, companies typically turning over less than 632,000 pounds a year. The Financial Reporting Standard for Micro-Entities (FRSME) will make accounts for these entities simpler, and the government is consulting on how to bring the directive into UK law. The FRC will also introduce a new section into FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland for...