International financial reporting standards
In this section you can find information about the International Financial Reporting Standards (IFRS) from the International Accounting Standards Board (IASB) and the Financial Reporting Standards (FRS) issued by the UK Accounting Standards Board (ASB).
International Financial Reporting Standards are already compulsory for the group financial statements of listed companies. The IFRS for SMEs is a self-contained standard of 230 pages which can be adopted by small and medium sized companies. More information on this standard can be accessed here.
Access to the standard, accompanying documents, illustrative examples, implementation guidance, and bases for conclusions is available on the IFRS website.
Financial Reporting Standards, including FRS102, can be accessed on the Financial Reporting Council's website.