Changes afoot for UK GAAP
Wednesday 22 February 2023
The second periodic review of FRS 102 is taking place, resulting in an exposure draft, FRED 82 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs – Periodic Review.
The major changes to FRS 102 proposed by FRED 82 surround lease accounting and revenue recognition.