SORP

AcronymDefinition
SORPStatement of Recommended Practice
SORPSex Offender Registration Program
SORPStart of Regular Production (General Motors)
SORPSpecial Order Research Product (Becton-Dickinson customized high-end flow cytometers)
SORPStatement Of Requirement Preliminary
SORPSevere Off-Road Package (Ford Motor Company)
SORPStock Option Replacement Program
References in periodicals archive ?
Northern Trust (NASDAQ: NTRS) has said that it has launched a new Statement of Recommended Practice (SORP) reporting solution to help institutional clients navigate the new UK SORP reporting requirements.
The reporting requirements specified in the four SORPs were used to create an initial list of search keywords.
The DfE also issue their own guidelines to Academies, in the form of the Academies Financial Handbook and have recently issued guidelines for implementation of the SORP.
This is another change the smaller charities with less in-house financial skills will find difficult to deal with and all charities and their advisors will, in any event, require to spend time and resource ensuring compliance with the new SORP when it is finalised and applies.
Melanie McLaren, FRCs Executive Director for Codes and Standards said: We welcome the updating of the charity taxonomy from SORP 2005 to FRS 102; in taking this step, the commission has enabled the charity sector to take the first step and report on the same digital playing field as for-profit companies.
The firm is also ensuring that the foundation complies with the requirements of the Charity Commission and the Charities SORP.
Automated upgrades ensure the software is always up to date - a key consideration for compliance requirements, particularly in relation to the latest IFRS and SORP regulations affecting organizations; while the hosted model also ensures the upgrade process can be achieved without any disruption or dent in user productivity.
Total quantity or scope of tender: The successful Tenderer will produce and audit the annual Statutory Accounts for SA in accordance with the Companies Act 2006, the Charities and Trustees Investment (Scotland) Act 2005 and any other relevant legislation and standards such as UK GAAP/Charity SORP.
Proven and probable Commercial reserves are based on a Group reserves report produced by an independent engineer and are defined in accordance with the UK SORP 'Accounting for Oil and Gas Exploration, Development, Production and Decommissioning Activities'.
I welcome SORP 2005, as they represent good business discipline.
According to Graham: 'To enter the competition, charities must still comply fully with SORP accounting requirements, but online accounts are more accessible, cheaper to produce and can be fully interactive.