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Deloitte comment letter on FRED 77 'Draft amendments to FRS 101 Reduced Disclosure Framework – 2020/21 cycle'

Published on: 02 Feb 2021

We have published our comment letter on the Financial Reporting Council's (FRC's) Financial Reporting Exposure Draft (FRED) 77 'Draft amendments to FRS 101 Reduced Disclosure Framework-2020/21 cycle'.

We agree with the proposed amendments and concur with the FRC’s conclusions in the impact assessment. We note, however, that references to EU-adopted IFRS in the Basis for Conclusions will need to be updated in the final version, consistent with recent amendments issued to reflect changes in legislation following the UK’s exit from the European Union.

The full response is contained within the full comment letter below. 

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