FRC issues Amendments to FRS 101 – 2016/17 cycle
Released 12 July 2017
The Financial Reporting Council has issued Amendments to FRS 101 – 2016/17 cycle, which brings to a close the latest annual review of Financial Reporting Standard (FRS) 101 Reduced Disclosure Framework.
FRS 101 is reviewed annually to ensure that the reduced disclosure framework continues to be effective in providing disclosure reductions when compared with EU-adopted International Financial Reporting Standards (IFRS). After considering the 2016/17 annual review of FRS 101 amendments have been made to provide certain disclosure exemptions in relation to IFRS 16 Leases.
View and/or download the Amendments and the Impact Assessment and Feedback Statement at FRC issues Amendments to FRS 101 – 2016/17 cycle.