Published date: 25 September 2015
FRS 101: Reduced Disclosure Framework (updated 27 September 2024)
Overview
This FRS sets out a reduced disclosure framework which addresses the financial reporting requirements and disclosure exemptions for the individual financial statements of subsidiaries and ultimate parents that otherwise apply the recognition, measurement and disclosure requirements of adopted IFRS.
The Table of Differences describes the relationships between UK and Ireland financial reporting standards and IFRS Accounting Standards.
Related impact assessments and feedback statements to the following publications.
FRS 101 research
The FRC is currently conducting research to hear preparers’ views about FRS 101. The survey is open until 31 October 2024.
Current Edition
September 2024
- FRS 101 Reduced Disclosure Framework (September 2024)
The September 2024 edition of FRS 101 incorporates all amendments issued up to September 2024. Some requirements are not mandatory at the time of publication. See paragraph 18 for details.
Superseded editions
January 2022