FRC issues January 2022 editions of accounting standards

The Financial Reporting Council (FRC) has released January 2022 issues of UK and Ireland accounting standards. These revised editions include the amendments made to accounting standards and Irish company law since the previous edition which was issued in March 2018 and provides a single, up to date reference point for each standard.

The following standards and associated material have been revised and can be accessed below.

• Foreword to Accounting Standards;
• Overview of the financial reporting framework;
• FRS 101 Reduced Disclosure Framework;
• FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland;
• FRS 103 Insurance Contracts;
• Implementation Guidance to accompany FRS 103 Insurance Contracts;
• FRS 104 Interim Financial Reporting; and
• FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

The FRC have also indicated that a new edition of FRS 100 will be issued following changes to this standard which are expected later this year.