12/10/2026
This week at Everest Chartered Accountants 💡
A new consultation aims to reform corporate reporting standards to enhance economic growth and UK's competitiveness. Proposals include extending audit exemptions for some medium-sized companies, simplifying reporting for SMEs, and replacing the distributable profits regime with a solvency-based approach. Key principles focus on clarity, flexibility, simplicity, proportionality, and future readiness. Changes may also affect Limited Liability Partnerships (LLPs). What are your thoughts on these proposals? Leave a comment below! 📊
Read the full article here 👇🏼
https://www.everest-accountants.com/news/consultation-on-modernising-corporate-reporting