FRC concludes annual review of FRS 101 – 2020/21 cycle

News types: Codes and Standards Announcements, Feedback Statement, Policies and Responsibilities, Publications, Statements

Published: 21 May 2021

FRC concludes annual review of FRS 101 – 2020/21 cycle

Today, the FRC has issued Amendments to FRS 101 – 2020/21 cycle (PDF), which brings to a close the 2020/21 annual review of FRS 101 Reduced Disclosure Framework .

The amendments to FRS 101 are limited, and predominantly provide a disclosure exemption in relation to IAS 16 Property, Plant and Equipment and maintain consistency with IAS 1 Presentation of Financial Statements .

Links to the supporting documents can be found below:

  1. Amendments to FRS 101 – 2020/21 cycle (PDF)
  2. Impact Assessment and Feedback Statement – Amendments to FRS 101 Reduced Disclosure Framework – 2020/21 cycle (PDF)
  3. FRS 101 Reduced Disclosure Framework 

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