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Baroness Bowles of Berkhamsted to ask Her Majesty's Government what assessment they have made of the statement by the UK Endorsement Board in Paragraph 27 of its endorsement assessment for IFRS 16 that the test required by Paragraph 1(c) of Regulation 7 of The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 No. 685 was a “true and fair view of the accounts as a whole” when Paragraph 1(c) and Section 393 Companies Act 2006 require a “true and fair view of the assets, liabilities, financial position and profit or loss”.  HL3769

Question HL3769: tabled on 8 November 2021 and due for answer by 22 November 2021

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Question text

Baroness Bowles of Berkhamsted to ask Her Majesty's Government what assessment they have made of the statement by the UK Endorsement Board in Paragraph 27 of its endorsement assessment for IFRS 16 that the test required by Paragraph 1(c) of Regulation 7 of The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 No. 685 was a “true and fair view of the accounts as a whole” when Paragraph 1(c) and Section 393 Companies Act 2006 require a “true and fair view of the assets, liabilities, financial position and profit or loss”.  HL3769
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Baroness Bowles of Berkhamsted
Liberal Democrat
Life peer