FRC issues FRED 70 and 71 - proposed amendments FRS 101 and FRS 102

Released 29 January 2019

The Financial Reporting Council (FRC) has issued two Financial Reporting Exposure Drafts (FRED) setting out draft amendments to Financial Reporting Standards (FRS) 101 and 102.

FRED 70 Draft amendments to FRS 101 – 2018/19 cycle arises from the annual review of FRS 101 Reduced Disclosure Framework carried out by the FRC to provide additional disclosure exemptions.

FRED 71 Draft amendments to FRS 102 – Multi-employer defined benefit plans responds to a current financial reporting issue by proposing new requirements in FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

For more information, see FRC proposes amendments to FRS 101 and FRS 102.

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