The ASB established CASE in 1997 as a standing committee to advise it on accounting for smaller entities. By drawing on the expertise of those appointed to the committee, the ASB hopes to improve financial reporting for smaller entities, through future revisions and modifications of its Financial Reporting Standard for Smaller Entities (the FRSSE). The FRSSE provides preparers and auditors of smaller entities' accounts with a single comprehensive accounting standard containing measurement and disclosure requirements most relevant to their needs. If a smaller entity observes the requirements of the FRSSE it is exempt from the requirements of other accounting standards.
CASE is chaired by Ian Mackintosh, Chairman of the ASB . Its members represent a wide spread of interests (including practitioners, businessmen, users and others with interest in smaller businesses). The aim is to combine an appropriate blend of technical knowledge and experience of the smaller entity sector.
CASE's membership and terms of reference are as follows.
| Chairman |
| Ian Mackintosh |
Chairman of the ASB |
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| Members |
| Steve Bailey |
Director |
| John Coombs |
Partner, Simpkins Edwards LLP |
| Sara Harvey |
Partner, Hines Harvey Wood |
| Kenneth McDowell |
Partner, Chiene and Tait |
| Professor Mike Page |
Professor of Accounting, University of Portsmouth |
| Liam McQuaid |
Partner, Duignan Carthy O'Neill |
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| Observer |
| Valerie Carpenter |
Company Law and Investigations Directorate, Department for Business, Enterprise and Regulatory Reform |
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| Secretary |
| Alan O'Connor |
Project Director, ASB |
Terms of reference
- To review proposed accounting standards and UITF Abstracts, and proposals to revise or withdraw existing standards and Abstracts, including the FRSSE, and, in the light of the ASB's current policy, to recommend to the ASB how such proposals should apply to smaller entities
- To advise the ASB generally on such matters relating to smaller entities as the ASB may from time to time request.
