UK GAAP update – July 2022
This series of publications sets out the current and forthcoming standards and amendments in issue by the Financial Reporting Council, effective now and beyond.
The publications include:
- Overviews of the new and amended standards in issue
- Summaries of the requirements of each new and amended standard
- Details of proposed changes to standards and forthcoming developments
- Links to the latest standards and amendments
What’s new for this month
- New amendment published by the FRC, including summary of the requirements:
- Amendments to Basis of Conclusions of FRS 101 – 2021/22 cycle
- Proposed changes to standards and forthcoming developments, including a summary of the proposals:
- FRED 80: Draft amendments to FRS 100 Application of Financial Reporting Requirements - Application Guidance – The Interpretation of Equivalence
