437. Accounting Standards

(1) In this Part “accounting standards” means international accounting standards or such other standard accounting practice as may be prescribed by rules made by the Board.
(2) References in this Part to accounting standards applicable to a company’s annual accounts are to such standards as are, in accordance with their terms, relevant to the company’s circumstances and to the accounts.
(3) Rules under this section may contain such transitional and other supplementary and incidental provisions as appear to the Board to be appropriate.