House of Lords Business
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Baroness Bowles of Berkhamsted to ask Her Majesty's Government, further to the Written Answer by Lord Henley on 12 February (HL5280), what were the circumstances that led to the UK voluntarily adopting International Accounting Standards (IAS) for separate, company-only, accounts by invoking the option under Article 5 of the IAS Regulation 2001; and whether, prior to the UK invoking that option, the Financial Reporting Council or Department for Trade and Industry had anticipated the difficulties that this option would create for the use of separate accounts for capital maintenance purposes.  HL5822

Question HL5822: tabled on 23 February 2018 and due for answer by 9 March 2018

This type of business sits within the Questions & Statements category.

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Question text

Baroness Bowles of Berkhamsted to ask Her Majesty's Government, further to the Written Answer by Lord Henley on 12 February (HL5280), what were the circumstances that led to the UK voluntarily adopting International Accounting Standards (IAS) for separate, company-only, accounts by invoking the option under Article 5 of the IAS Regulation 2001; and whether, prior to the UK invoking that option, the Financial Reporting Council or Department for Trade and Industry had anticipated the difficulties that this option would create for the use of separate accounts for capital maintenance purposes.  HL5822
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Date Answered

Monday 5 March 2018

Member's Registered Interests

There are no interests to show.

Main Member

Baroness Bowles of Berkhamsted
Liberal Democrat
Life peer