Standards in issue
With effect from 1 January 2015 the FRC revised financial reporting standards in the UK and Republic of Ireland.
Forward to Accounting Standards
This foreword explains the scope, authority and identification of accounting standards, issued by the Financial Reporting Council (FRC), for the purposes of the Companies Act 2006 (the Act) and Regulations made thereunder. This foreword relates to financial statements prepared in accordance with UK and Republic of Ireland legislation and accounting standards (for companies these are referred to in the Act as ‘Companies Act accounts’). It does not apply to financial statements prepared in accordance with EU-adopted IFRS (for companies these are referred to in the Act as ‘IAS accounts’).
Forward to Accounting Standards (PDF)
Overview of Financial Reporting Framework
This overview describes the financial reporting framework that will be applicable for accounting periods beginning on or after 1 January 2016.
Overview of financial reporting framework (PDF)