Comment deadline on FRED 56
The Financial Reporting Council (FRC) has published FRED 56 'Draft FRS 104 Interim Financial Reporting'. These proposals set out a new standard on interim reporting for entities that apply FRS 102 in their annual financial statements. The proposed standard is based on IAS 34, the international standard on interim reporting and will replace the existing ASB Statement 'Half-yearly financial reports'. Comments are invited by 12 January 2015.
The consultation document can be obtained from the FRC website.