The Financial Reporting Council (FRC) has issued minor Amendments to FRS 101 Reduced Disclosure Framework following the 2023/24 annual review cycle.
Changes include a disclosure exemption from presenting certain comparative information, and a conditional exemption for qualifying entities in respect of certain disclosures about supplier finance arrangements required by IAS 7 Statement of Cash Flows.
Amendments were also made to Appendix II Note on Legal Requirements for consistency with IAS 1 Presentation of Financial Statements.
Links to the supporting documents can be found below:
