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The Hampton Report, commissioned in 2004 [4] and published in 2005, [5] led to the creation of the Local Better Regulation Office (LBRO). Previously the Consumer and Trading Standards Agency (CTSA), and then the Better Regulation Delivery Office (BRDO), it set standards on how trading standards and other business regulators carry out their work to minimise the impact on legitimate business.
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). [1] They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and ...
The Common Reporting Standard (CRS) is an information standard for the Automatic Exchange Of Information (AEOI) regarding financial accounts on a global level, between tax authorities, which the Organisation for Economic Co-operation and Development (OECD) developed in 2014.
In 2017, the Trading Standards of Somerset, Devon and Torbay donated 5,000 items of counterfeit clothes to the charity Planet Zero after the clothes were seized and rebranded. [4] Trading Standards can work together with other regulators and national supporting regulators to provide businesses with access to tailored advice and support.
The report, "Standard Business Reporting: Open Data to Cut Compliance Costs", defines SBR as multiple regulatory agencies adopting a common open data structure for the information they collect. [8] As of 2017, most medium-sized companies in the Netherlands must file annual reports via SBR.
Eligible small businesses will need to report the following information about their companies: The full legal name of the company. The company’s business address; P.O. boxes or lawyer’s ...
This is a list of the International Financial Reporting Standards (IFRSs) and official interpretations, as set out by the IFRS Foundation. It includes accounting standards either developed or adopted by the International Accounting Standards Board (IASB), the standard-setting body of the IFRS Foundation.
The use of the UTI is also mandatory for regulatory reporting under REMIT. Strictly speaking, the term USI is specific to the U.S. regulation, while UTI is specific to EU regulations. In practice, both terms are used interchangeable, in particular within large trading firms reporting under both regimes.