The FRC carries out an annual review of FRS 101 to provide additional disclosure exemptions as International Financial Reporting Standards (IFRS) evolve and to respond to stakeholder feedback about possible improvements to the standard. FRS 101 is an optional standard that is designed to enable cost...
Paragraph 8 of FRS 101 notes that the exemptions are available from when the relevant standard is applied. Therefore there is no need to amend the effective date for these amendments, which will be available for financial statements approved after the amendments have been finalised. 29 May...