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FRED 69: FRS 101 Reduced Disclosure Framework 2017/18 cycle


In October 2017, the Financial Reporting Council (FRC) issued Financial Reporting Exposure Draft (FRED) 69 FRS 101 Reduced Disclosure Framework - 2017/18 cycle proposing no amendments to FRS 101.

When FRS 101 was originally published, the FRC committed to review the standard on an annual basis and update it to ensure that it maintains consistency with IFRS and remains cost-effective for groups. FRED 69 was the fifth of these proposed annual updates.
FRED 69 proposed no amendments to FRS 101 and indicated that detailed consideration of IFRS 17 Insurance Contracts would be deferred until a clearer picture of the progress of its endorsement is known. 

Current status of the project

Amendments to the Basis for Conclusions FRS 101 Reduced Disclosure Framework was issued on 10 May 2018. No amendments to FRS 101 have been made as a result of the 2017/18 review.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.