FRC publishes March 2018 editions of accounting standards to reflect triennial review amendments

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29 Mar, 2018

The Financial Reporting Council ("FRC") has issued the March 2018 editions of all UK and Ireland accounting standards. These editions reflect the triennial review amendments issued in December 2017, and other amendments made since the previous editions were issued, resulting in a single up to date reference point for each standard.

The FRC has issued the following documents:

  1. Foreword to Accounting Standards;
  2. FRS 100 Application of Financial Reporting Requirements;
  3. FRS 101 Reduced Disclosure Framework;
  4. FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland;
  5. FRS 103 Insurance Contracts;
  6. Implementation Guidance to accompany FRS 103 Insurance Contracts;
  7. FRS 104 Interim Financial Reporting; and
  8. FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Additionally, the FRC has also issued a revised Foreword to Accounting Standards which reflects changes to the legislation that prescribe the FRC as the accounting standard setter for the Republic of Ireland (previously the standards were promulgated in Ireland by Chartered Accountants Ireland).  

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