This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

UK FRC issues exposure draft amending FRED 48

  • United Kingdom Image

03 Oct 2012

The United Kingdom Financial Reporting Council (FRC) has issued an exposure draft of limited scope amendments to Financial Reporting Exposure Draft (FRED) 48: Draft FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.' The limited scope amendments relate to 1) multi-employer defined benefit pension plans and 2) grantors of service concession arrangements.

The UK Accounting Standards Board issued FRED 48 as part of a package of standards developed to replace existing UK accounting standards with new standards based on an international framework.

Comments are due by 3 December 2012.

Click for FRC press release (link to FRC website).

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.