Site Search:

Financial Reporting Standard for Smaller Entities - FRSSE (effective January 2015)

 FRSSE (effective January 2015) (July 2013)

On 31 July 2013, the FRC issued an updated version of the Financial Reporting Standard for Smaller Entities (FRSSE), the FRSSE (effective January 2015).

FRS 100 Application of Financial Reporting Requirements, issued in November 2012, contained a small number of amendments to the FRSSE. As a convenience to those preparing small company accounts, the FRC has issued an updated version of the FRSSE containing those amendments, to maintain it as a one-stop-shop. The updated FRSSE contains no new amendments to those previously issued.

The amendments to the FRSSE are as a consequence of the revised reporting framework introduced into the UK and Republic of Ireland, with the issue of FRS 100 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. As part of the revised reporting framework, the FRC has withdrawn extant financial reporting standards and Urgent Issues Task Force (UITF) abstracts and has made amendments to the FRSSE where it previously referred to standards or abstracts that are now withdrawn.

The FRSSE (effective January 2015) will supersede the FRSSE (effective April 2008) and will be effective for reporting periods beginning on or after 1 January 2015, although early adoption is permitted.


To obtain a hard copy of this publication, please go to www.frcpublications.com

Back to Standards in Issue









 

Quick Links
Subscribe to our newsletter and alerts
The Financial Reporting Council Limited is a company limited by guarantee. Registered in England number 2486368. Registered Office: 5th Floor Aldwych House, 71-91 Aldwych, London WC2B 4HN

This website is best viewed in the latest version of Internet Explorer, Chrome and Firefox - (Last updated 06/06/2012)