The Financial Reporting Council (FRC) has established a discussion forum for stakeholders to discuss the application of FRS 102. In launching the initiative, the FRC noted that the forum is being introduced as part of its plans to “support the proportionate application of audit and reporting standards across the small and medium-sized enterprise (SME) market”.
The forum will allow preparers, auditors and other stakeholders across the UK and Ireland the opportunity to engage with the FRC’s policy team and to discuss insights and challenges encountered while applying the standard.
The FRC plan to hold the discussion forum twice a year online, with the main focus of the forum being
- Feedback from applying FRS 102;
- Topical issues; and
- Consultations on updates to UK and Ireland accounting standards.
Users of FRS 102 should find the discussion forum beneficial and details on how to sign up are set out in the FRC’s Press Release.
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