SCHEDULE 1Consequential amendments and transitional provision relating to the adoption of international accounting standards in the United Kingdom

PART 1Amendments to Primary Legislation

CHAPTER 2Amendments to other primary legislation

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In section 72A (duty to prepare individual accounts) M1—

a

in subsection (2), for “international accounting standards”, substitute “ UK-adopted international accounting standards ”;

b

in subsection (3), for “international accounting standards”, substitute “ UK-adopted international accounting standards ”.