# The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Paragraph 45: Disclosure of accounting policies


It must be stated whether the accounts have been prepared in accordance with applicable accounting standards and particulars of any material departure from those standards and the reasons for it must be given (see regulation 4(2) for exemption for medium-sized companies).

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110806303/schedule/1/paragraph/45 (the official version)
Page: https://openlegislation.uk/draft-large-and-medium-sized-companies-and-groups-accounts-and-reports-regulations-2008/schedule-1/paragraph-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.