FRC concludes annual review of FRS 101 – 2020/21 cycle

FRC concludes annual review of FRS 101 – 2020/21 cycle
 
Today, the FRC has issued Amendments to FRS 101 – 2020/21 cycle (PDF), which brings to a close the 2020/21 annual review of FRS 101 Reduced Disclosure Framework.

The amendments to FRS 101 are limited, and predominantly provide a disclosure exemption in relation to IAS 16 Property, Plant and Equipment and maintain consistency with IAS 1 Presentation of Financial Statements.

Links to the supporting documents can be found below:

1. Amendments to FRS 101 – 2020/21 cycle (PDF)
2. Impact Assessment and Feedback Statement – Amendments to FRS 101 Reduced Disclosure Framework – 2020/21 cycle (PDF)
3. FRS 101 Reduced Disclosure Framework