FRC issues update on its periodic review of UK and Ireland accounting standards

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05 Apr 2022

The Financial Reporting Council (FRC) has issued an update on the progress of its periodic review of UK and Ireland accounting standards, as at April 2022.

The update outlines the key sources of potential Standard amendments, including required improvements to Standards, changes in International Standards and wider developments. 

To support the review, the FRC will be holding a series of roundtables so that stakeholders can have their say on specific topics. The roundtable events are scheduled as follows: 

  • Preparers: Lease accounting – 17 May, 10:00-12:00
  • Preparers: Credit loss accounting – 7 June, 10:00-12:00
  • Preparers: Revenue accounting – 14 June, 10:00-12:00
  • Users: Revenue, leases and credit losses – 21 June, 10:00-12:00

The press release, including further details and information on how to register for the roundtables, and the FRC update are available on the FRC website. 

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