Part 15Accounts and reports
Chapter 12Supplementary provisions
Accounting and reporting standards
464Accounting standards
1
In this Part “accounting standards” means statements of standard accounting practice issued by such body or bodies as may be prescribed by regulations.
2
References in this Part to accounting standards applicable to a company’s annual accounts are to such standards as are, in accordance with their terms, relevant to the company’s circumstances and to the accounts.
3
Regulations under this section may contain such transitional and other supplementary and incidental provisions as appear to the Secretary of State to be appropriate.