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UK FRC issues exposure draft amending FRED 48

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03 Oct 2012

The United Kingdom Financial Reporting Council (FRC) has issued an exposure draft of limited scope amendments to Financial Reporting Exposure Draft (FRED) 48: Draft FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.' The limited scope amendments relate to 1) multi-employer defined benefit pension plans and 2) grantors of service concession arrangements.

The UK Accounting Standards Board issued FRED 48 as part of a package of standards developed to replace existing UK accounting standards with new standards based on an international framework.

Comments are due by 3 December 2012.

Click for FRC press release (link to FRC website).

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