This Content Was Last Updated on February 9, 2017 by Jessica Garbett
Updates to FRS 100, FRS 101 and FRS 102 have been published.
In addition to minor typographical and presentational corrections, each has been updated as follows:
Updates from FRS 100 issued in November 2012 include:
- the withdrawal of FRS 27 Life Assurance (as set out in FRS 103 Insurance Contracts issued in March 2014)
- consequential amendments to FRS 102 included in FRS 104 Interim Financial Reporting issued in March 2015
- Amendments to FRS 100 issued in July 2015
- an editorial amendment to paragraph A2.19 to include a reference to the Strategic Report.
Updates from FRS 101 issued in August 2014 include amendments to FRS 101
Reduced Disclosure Framework – 2014/15 cycle and other minor amendments issued in July 2015.
Updates from FRS 102 issued in August 2014 include:
- an editorial amendment to Section 12 Other Financial Instruments Issues in relation to the examples of hedge accounting issued on 17 September 2014
- Amendments to FRS 102 – Pension obligations issued in February 2015
- consequential amendments to FRS 102 included in FRS 104 Interim Financial Reporting issued in March 2015
- amendments to FRS 102 – Small entities and other minor amendments issued in July 2015.
For more information visited the dedicated UK GAAP pages on ACCA’s technical advisory webpages.