Update to Accounting Policies

We have now tailored several of the default notes in Accounting Policies for FRS 102, FRS 102 1A and LLP accounts. These will override the default text in Silverfin and make them more user friendly and relevant for our clients, and include feedback from users. Our Standards team have worked hard to adapt the defaults (with the most common alteration being simplifying the wording), but they would like to remind everyone that these policies should be tailored as relevant for each individual client.

The notes that we have changed are listed below and will take effect for all clients (including current live clients) with a period end on or after 31/7/2021. Note, red indicates a note which will require further tailoring for that client, so must be updated manually).The exact wording changes are set out in in the Silverfin Team, General Channel, Files: "Silverfin Accounting Policies Review v4 - Change of wording sheet". Further help on Accounting Policies can be found here.