FRED 85 Draft amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle
Published: 5 December 2023
Response deadline: 4 March 2024
| Title | FRED 85 Draft amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle |
|---|---|
| Format | pdf, 306.8 KB |
On this page
Overview
In relation to the 2023/24 annual review of FRS 101, the FRC proposes minor amendments for consistency with IAS 1 'Presentation of Financial Statements'.
No other amendments are proposed to FRS 101.
Comments on FRED 85 are requested by 4 March 2024.
Outcome
On 9 August 2024, the FRC issued 'Amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle'.
Changes include a disclosure exemption from presenting certain comparative information, and a conditional exemption for qualifying entities in respect of certain disclosures about supplier finance arrangements required by IAS 7 'Statement of Cash Flows'. Amendments were also made to Appendix II 'Note on Legal Requirements' for consistency with IAS 1 'Presentation of Financial Statements'.
| Name | Amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle |
|---|---|
| Publication date | 9 August 2024 |
| Type | Amendment |
| Format | PDF, 215.4 KB |
| Name | Feedback Statement and Impact Assessment – Amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle |
| Publication date | 9 August 2024 |
| Type | Feedback paper |
| Format | PDF, 272.9 KB |
Annex: Consultation responses
| Title | 01 PwC Response to FRED 85 |
|---|---|
| Format | pdf, 102.3 KB |
| Title | 02 Deloitte Response to FRED 85 |
| Format | pdf, 143.5 KB |
| Title | 03 Chartered Accountants Ireland Response to FRED 85 |
| Format | pdf, 339.6 KB |
| Title | 04 Ernst & Young LLP Response to FRED 85 |
| Format | pdf, 20.6 KB |
| Title | 05 KPMG LLP Response to FRED 85 |
| Format | pdf, 133.7 KB |
| Title | 06 ICAS Response to FRED 85 |
| Format | pdf, 199.1 KB |
| Title | 07 Mazars Response to FRED 85 |
| Format | pdf, 132.1 KB |
| Title | 08 RSM UK Response to FRED 85 |
| Format | pdf, 173.7 KB |
| Title | 09 ACCA Response to FRED 85 |
| Format | pdf, 156.3 KB |
| Title | 10 ICAEW Response to FRED 85 |
| Format | pdf, 112.6 KB |