The Consultative Committee of Accountancy Bodies (CCAB) has this week published a revised Statement of Recommended Practice (SORP) on Accounting by Limited Liability Partnerships (LLPs). The SORP applies UK Generally Accepted Accounting Practice (GAAP) to LLPs incorporated in Great Britain. The revised SORP is published following agreement by the Accounting Standards Board (ASB) and the effective date will be 1 January 2010.
The SORP (LLPs) can be downloaded here
The CCAB press release can be downloaded here.