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.