by Martin | Aug 4, 2021 | Guidance
Asset Leasing is currently unregulated. It does have a voluntary body, the Finance and Leasing Association (FLA). They have published a guide to responsible lending, which its members should adhere to. Unfortunately it does not offer any real protection to customers,...
by Martin | Aug 4, 2021 | Regulations
Introduction of IFRS 16 Accountancy Regulation for SchoolsA new Accountancy regulation is due to be introduced in to Schools. IFRS 16 came into effect on 1 January 2019. However, for UK public bodies that use IFRS accounting standards, the adoption date was deferred...
by Martin | Aug 3, 2021 | Guidance
Finance Leases deemed Invalid in Maintained SchoolsThe Courts have confirmed that Finance Leases, deemed borrowing, may result in them being classified as invalid.This allows maintained Schools to challenge misrepresented and unreasonable lease agreements.We can...
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