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Finance and Accountancy Briefing

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Future of Financial Reporting in the UK: ‘New UK GAAP’ is out!

Overview

Now that FRS 102 has been issued, find out what this will mean for your business. The Financial Reporting Council (FRC) has published the long-awaited new financial reporting standard: FRS 102, which is to replace current UK GAAP.


FRS 102 fundamentally reforms the accounting and financial reporting requirements and will therefore impact all businesses currently reporting under UK GAAP. The impact of FRS 102 will be different depending upon the individual circumstances of each entity's business.


To find out more about how FRS 102 will affect you and your business, click here to read the Special Edition of our Financial Reporting Newsletter and contact Mazars to find out how we can help.


 

Tags: Financial Reporting, Planning, FRS 102, Regulations.

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