FRC Completes Annual Review of FRS 101 Without IFRS-Driven Changes
The UK Financial Reporting Council (FRC) has concluded its annual review of FRS 101 and confirmed no changes to the reduced disclosure framework due to new International Financial Reporting Standards. The decision follows a consultation process via FRED 88, with limited wording adjustments aimed at improving clarity.
Topics: accounting standards FRC review FRS 101 IFRS