FRED 81 'FRS 101 Reduced Disclosure Framework – 2022/23 cycle'


In December 2022, the Financial Reporting Council (FRC) issued Financial Reporting Exposure Draft 81 'FRS 101 Reduced Disclosure Framework – 2022/23 cycle' (FRED 81).  FRED 81 proposes no amendments to FRS 101 ‘Reduced Disclosure Framework’.

Given the nature of the amendments issued by the International Accounting Standards Board (IASB) that have been considered in the review for the 2022/23 cycle, the FRC is not proposing to make any amendments to FRS 101.

Overall, the FRC believes that FRS 101 will continue to have a positive impact on the cost-effectiveness of the preparation of the financial statements.

Status of the project

FRED 81 was issued by the FRC in December 2022.  Comments are requested by 28 February 2023.

Correction list for hyphenation

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