FRC issues revised Application Guidance to FRS 100

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21 Nov, 2022

The Financial Reporting Council (FRC) has issued 'Amendments to FRS 100 Application of Financial Reporting Requirements – The Interpretation of Equivalence' ("the Amendments").

The Amendments have been made following a consultation in May 2022 and revise the Application Guidance to FRS 100 to reflect changes to UK company law and decisions on equivalence following the UK’s exit from the European Union.  The revised guidance is effective immediately.

The FRC has also issued a revised version of FRS 100, which incorporates the revised Application Guidance and other amendments made since the previous edition was issued in 2018, as well as changes in Irish company law.

press release, the Amendments to FRS 100 and the revised edition of FRS 100 are available on the FRC website.

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