Financial Reporting Standard for Smaller Entities

From ACT Wiki
Jump to: navigation, search


The reporting standard issued by the former Accounting Council (renamed the Corporate Reporting Council) for small companies or groups.

Effective for reporting periods up to 31 December 2015.

Periods beginning on or after 1 January 2016, transition is required to either FRS 105 (for Micro-entities) or the small entity requirements within FRS 102.

See also