FRED 80 Draft amendments to FRS 100 Application Guidance: The Interpretation of Equivalence
Background
In May 2022, the Financial Reporting Council (FRC) issued Financial Reporting Exposure Draft (FRED) 80 'Draft amendments to FRS 100 Application of Financial Reporting Requirements Application Guidance: The Interpretation of Equivalence'.
The Draft amendments proposed updates to the Application Guidance to FRS 100 to reflect changes to company law and decisions on equivalence further to the UK’s exit from the European Union.
Status of the project
Amendments to FRS 100 Application of Financial Reporting Requirements – The Interpretation of Equivalence was issued by the FRC in November 2022.