Subject Predicate Object
uBGvaBJ7
a
Resource
Answer
Written answer
answer has question
3IIn5Fw7
answer has answering person
Elizabeth Mary Truss
answer text
<p>Government controlled companies, including small companies, must comply with the applicable requirements in the Companies Act 2006 and follow the financial reporting principles of the HM Treasury Financial Reporting Manual (except for public corporations that are not trading funds). This includes the provision of the additional disclosures required by the Manual where these go beyond the Companies Act. The Manual applies EU adopted international financial reporting standards (IFRS) as adapted or interpreted for the public sector. Sections within the Companies Act 2006 define the qualifying criteria for small companies’ regime. The disclosure exemptions permitted under the small companies’ regime do not generally apply to government owned companies unless specific approval has been sought by the Relevant Authority. All entities that follow the Manual, must follow its guidance on the disclosure of contingent liabilities.</p>
answer given date
answer has answering body
HM Treasury
written answer has answering body
HM Treasury
HM Treasury
answering body has written answer
uBGvaBJ7
answering body has answer
uBGvaBJ7
3IIn5Fw7
question has answer
uBGvaBJ7
Elizabeth Mary Truss
answering person has answer
uBGvaBJ7