An HMRC-sponsored forum which is directed towards the monitoring of both new UK accounting standards and new IAS and their impact on tax.
Formerly International Accounting Standards Steering Group.
And other industry and professional representatives.
Terms of Reference
To provide a forum in which HMRC and representatives of business and the accountancy profession, the Financial Reporting Council and HMT, can monitor and discuss future significant developments in accountancy and their possible tax implications.
The group will operate:
- by reference to a schedule of accountancy developments, assessed as to potential level of impact and importance.
- by meeting regularly as necessary to consider priority issues.
- through working groups set up to assess the impacts and possible responses to the most significant of those issues.
Meeting frequency - every four months.
Please see the National Archives website for previous minutes.