FRED 87 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Adapted formats
Published: 17 July 2025
Response deadline: 10 October 2025
| Title | FRED 87 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Adapted formats |
|---|---|
| Format | pdf, 425.7 KB |
Overview
The FRC proposes amendments that are designed to ensure FRS 102 remains fit for purpose and consistent with IFRS Accounting Standards in respect of the adapted formats for the balance sheet and/or the profit and loss account, which some companies choose to present in accordance with one of the options in UK company law. These amendments are proposed to maintain the existing level of alignment following recent changes to IFRS Accounting Standards. Those entities that do not choose to adapt their financial statement formats under FRS 102 will not be impacted by these amendments.
Comments on FRED 87 are requested by 10 October 2025.