UK generally accepted accounting principles and practices definition

UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.
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UK generally accepted accounting principles and practices means the principles and
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UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally
Sample 1Sample 2Sample 3

Examples of UK generally accepted accounting principles and practices in a sentence

  • Accounts comply with the accounting requirements of the Companies Xxx 0000 and all other relevant legislation and have been prepared in accordance with UK generally accepted accounting principles and practices consistently applied.

Related to UK generally accepted accounting principles and practices

  • Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles in the United States, consistently applied, which are in effect on the date of this Indenture.

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • IFRS means International Financial Reporting Standards issued and/or adopted by the International Accounting Standards Board.

  • GAAP means Generally Accepted Accounting Principles.

  • U.S. GAAP means United States generally accepted accounting principles consistently applied.

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • Good Industry Practice means standards, practices, methods and procedures conforming to the Law and the exercise of the degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person or body engaged within the relevant industry or business sector;