Comment deadline for FRS 101 amendments
The UK Financial Reporting Council (FRC) has published an exposure draft of its first set of annual amendments to FRS 101, the Reduced Disclosure Framework available to UK subsidiary companies that wish to apply the recognition and measurement requirements of IFRSs in their financial statements. These amendments update the standard to ensure that the it maintains consistency with IFRS and remains cost-effective for groups.
The comment period for this exposure draft closes on 21 March 2014.
Click here for our news story on the proposals.
Click here for a link to the consultation on the FRC's website and here for the exposure draft itself.