Current Projects
Published: 27 March 2024
1 minute read
Introduction
Current projects by the Accounting and Reporting Policy Team.
Preparers’ experience of FRS 101
The Financial Reporting Council would like to hear preparers’ views on its accounting standard FRS 101 Reduced Disclosure Framework. The aim of this research is to gather feedback from groups of companies that include entities eligible to apply FRS 101 in preparing their financial statements (whether or not they choose to do so).
The survey is open until 31 October 2024.
Implementation issues
The FRC will review any issues arising relating to the implementation of FRS 102 as they arise, consulting members of its Advisory Panel as appropriate. Decisions will be taken on a case-by-case basis about the best way to address issues such as editorial points, areas where FRS 102 is silent and areas where divergence in accounting practice seems to be emerging.