Regulation 3 Amendments to the Charities Accounts (Scotland) Regulations 2006

In regulation 1(2) (interpretation) for the definition of “the SORP”, after “means” to the end of this definition substitute—

“either—

(a)

the Statement of Recommended Practice entitled “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE)” published by the Chartered Institute of Public Finance and Accountancy, London, in 2014^f1; or

(b)

the Statement of Recommended Practice entitled “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)”, published by the Chartered Institute of Public Finance and Accountancy, London, in 2014^f2;”.