UK Accounting Standards

The FRC develop and maintain UK and Irish accounting standards by developing and issuing accounting standards and undertaking outreach with stakeholders.

UK Accounting Standards (overview)

Read the foreword to the Accounting Standards and access key links.

FRS 100 Application of Financial Reporting Requirements

FRS 100 sets out the financial reporting requirements for UK and Republic of Ireland entities.

FRS 101 Reduced Disclosure Framework

FRS 101 sets out a reduced disclosure framework which addresses the financial reporting requirements and disclosure exemptions for the individual financial statements of subsidiaries and ultimate parents.

FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland

This FRS is a single financial reporting standard that applies to the financial statements of entities that are not applying adopted IFRS, FRS 101 or FRS 105.

FRS 103 Insurance Contracts

FRS 103 consolidates existing financial reporting requirements and guidance for insurance contracts.

FRS 104 Interim Financial Reporting

FRS 104 is intended for use in the preparation of interim reports by entities that apply FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland when preparing their annual financial statements.

FRS 105 The Financial Reporting Standard applicable to the Micro‑entities Regime

FRS 105 is intended for use in the preparation of the financial statements of companies that qualify for the micro-entities regime.

Statements of Recommended Practice (SORPs)

View our policy on developing Statements of Recommended Practice.

Staff Factsheets

On 13 December 2018 the FRC issued a suite of staff factsheets on aspects of FRS 102, including the 2017 triennial review. The factsheets are intended to assist stakeholders by highlighting certain requirements of FRS 102.

Accounting Standards Projects

Learn about our ongoing Accounting Standards projects.

Impact Assessments and Feedback Statements

Impact assessments and feedback statements have been issued alongside the relevant standard or amendment to a standard.

Superseded Accounting Standards

A listing of the superseded standards and statements which have been withdrawn and replaced by FRS 100 to FRS 105.

Superseded Staff Education Notes

In 2013, the FRC Staff prepared 16 Staff Education Notes for the convenience of users of FRS 102. The Staff Education Notes were later superseded by the Staff Factsheets.