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13 November 2010

ASB published Improvements to Financial Reporting Standards 2010


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Der ASB hat die Standards veröffentlicht, um das bestehende Konvergenzniveau zwischen Großbritannien und IFRS zu erhalten, die Gruppen bei der Vorbereitung konsistenter Abschlüsse dient, wobei die konsolidierten Tochterunternehmen ihre Finanzberichterstattung nach IFRS und FRS vornehmen.


The ASB published a Financial Reporting Standard (FRS) ‘Improvements to Financial Reporting Standards 2010’ that includes amendments to SSAP 25 ‘Segmental Reporting’, FRS 8 ‘Related Party Disclosures’ and FRS 29 (IFRS 7) ‘Financial Instruments: Disclosures’.
The amendments take into account comments received in response to the publication of a Financial Reporting Exposure Draft (FRED) in June 2010, which was issued following the ASB’s annual review of FRS. The annual review was driven principally from the amendments made by the International Accounting Standards Board (IASB) in its IFRS ‘Improvements to IFRSs’ published in May 2010. In addition, consideration was given by the ASB to other changes made by the IASB to IFRSs and to other financial reporting matters raised by constituents. The ASB has made minimal amendments to FRS, given its current proposals on the Future of UK Financial Reporting Standards.

The amendments to FRS identify the date from which it is proposed each amendment will become effective.

Press release


© FRC

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