LLP Accounts - A Toolkit for Auditors

Introduction

This webinar offers a comprehensive understanding of Limited Liability Partnerships (LLPs), including the key legislation and reporting requirements that apply to them.

Through practical examples, it will highlight common challenges and clarify how LLPs differ from other business structures, particularly in terms of accounting.

The webinar will also cover the specific LLP Statement of Recommended Practice (SORP) and its application to LLP accounts.

What You Will Learn

This webinar will cover the following:

• The legal framework for LLPs - including SME exemptions (and changes in 2025)
• Conversion issues for an existing partnership and use of LLPs by investment funds
• Members’ agreements - key issues for the accounts
• Tax treatment of LLPs
• LLP financial statements - what’s different?
• Debt and equity interests
• Members’ remuneration
• Analysis of members’ interests
• The LLP SORP - impact of recent changes to UKGAAP (including FRS 102 version March 2024) on the SORP
• Current reporting requirements for LLPs and examples from LLP financial statements
• Audit issues

This pre-recorded webinar will be available to view from Wednesday 4th February 2026

Alternatively, you can gain access to this webinar and 1,900+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.