Overview
The ultimate aim of most ASB projects is the production of a Financial Reporting Standard (FRS) or an amendment to an existing FRS. In some cases a new FRS will supersede an existing FRS or Statement of Standard Accounting Practice (SSAP): see Standards in issue.
The process to production of a final FRS usually involves publication of a Discussion Paper and then a Financial Reporting Exposure Draft (FRED), both of which invite comments from all interested parties. Discussion Papers and FREDs in issue are listed under Current proposals.
Listed under ' Convergence projects' are seven publications setting out exposure drafts for new UK standards based on International Accounting Standards, as well as one Consultation Paper on the IASB's proposals to amend certain International Accounting Standards.
