Current Projects

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Introduction

Current projects by the Accounting and Reporting Policy Team.

FRED 87 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Adapted formats

The FRC has issued FRED 87 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Adapted formats. The comment period closes on 10 October 2025.

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.