The Companies (1986 Order) (Investment Companies and Accounting and Audit Amendments) Regulations (Northern Ireland) 2006 No. 137

PART III ADJUSTMENT OF NON-COMPARABLE AMOUNTS

Adjustment of prior year items in small company balance sheet and profit and loss account

5.  In paragraph 4(2) of Schedule 8 to the 1986 Order (requirement to adjust non-comparable corresponding amounts in balance sheet and profit and loss account of small company)(1)—

(a) for “shall be adjusted” substitute “may be adjusted”, and

(b) for “particulars of the adjustment and the reasons for it” substitute “particulars of the non-comparability and of any adjustment”.

(1)

Schedule 8 was substituted by regulation 2(2) of, and Schedule 1 to, S.R. 1997 No. 436 and amended by article 70 of S.I. 2001/3649, regulation 3 of, and Schedule 1 to, S.R. 2004 No. 307 and regulation 14(2) of, and Schedule 3 to, S.R. 2004 No. 496