Finance and Accountancy Briefing

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FRSSE or new FRS 102 ‘lite’?

Overview

As the date for the withdrawal of FRSSE approaches, pressure mounts on small companies to make a decision on the framework that they will apply.


Denied the relative simplicity and compactness of FRS 105 – the new standard for micro entities – those entities that are “small but not very small” have to decide which framework to apply instead, and when to make the change.


This article discusses some of the issues that such companies and their professional advisers need to consider.

Tags: FRS 102, Financial Reporting, EU.

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