Updates to FRS 100, FRS 101 and FRS 102 have been made. In addition to minor typographical and presentational corrections, each has been updated as follows:
Updates from FRS 100, issued in November 2012, include:
- the withdrawal of FRS 27, Life Assurance (as set out in FRS 103, Insurance Contracts, issued in March 2014)
- consequential amendments to FRS 102 included in FRS 104, Interim Financial Reporting, issued in March 2015
- amendments to FRS 100 issued in July 2015, and
- an editorial amendment to paragraph A2.19 to include a reference to the Strategic Report.
Updates from FRS 101, issued in August 2014, include amendments to FRS 101, Reduced Disclosure Framework – 2014/15 cycle, and other minor amendments issued in July 2015.
Updates from FRS 102, issued in August 2014, include:
- an editorial amendment to Section 12, Other Financial Instruments Issues, in relation to the examples of hedge accounting issued on 17 September 2014
- Amendments to FRS 102 – Pension obligations, issued in February 2015
- consequential amendments to FRS 102 included in FRS 104, Interim Financial Reporting, issued in March 2015
- Amendments to FRS 102 – Small entities and other minor amendments, issued in July 2015.
