FRC concludes annual review of FRS 101 – 2020/21 cycle
21 May 2021
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:
- Amendments to FRS 101 – 2020/21 cycle (PDF)
- Impact Assessment and Feedback Statement – Amendments to FRS 101 Reduced Disclosure Framework – 2020/21 cycle (PDF)
- FRS 101 Reduced Disclosure Framework