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IFRS and UK GAAP accounting changes: key points for private equity15/06/2005. Source: Freshfields Bruckhaus Deringer.
 This briefing note summarises what Freshfields Bruckhaus Deringer see as the key private equity action points arising from the 1st January 2005 introduction of International Financial Reporting Standards (IFRS) and recent major changes to UK Generally Accepted Accounting Principles (GAAP) based on their experience working with listed corporates (who are most affected) and major accounting firms.
The focus is on the UK position, although similar issues arise elsewhere in Europe.
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© Freshfields Bruckhaus Deringer 2005. Reposted on AltAssets with permission.
Freshfields Bruckhaus Deringer is a leading law firm for European private equity and venture capital. Our international private equity group provides our clients with a combination of the local insight of lawyers in our network and money-centre know-how, delivered by fully integrated international teams. We specialise in and are well known for innovative and challenging transactions. For more information about the firm please visit http://www.freshfields.com/sector/privateequity
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