The comments received will be used to inform the development of proposals for changes to accounting standards, which will be subject to formal consultation at a later date, expected to be during 2017, in advance of a planned effective date of 1 January 2019.
Comments are invited on all areas including the benefits of the new standards, suggestions for improvements or areas where implementation was challenging.
Comments should be sent to ukfrsreview@frc.org.uk.
The press release is available on the FRC website.