FRS 102 VS. FRS 102 1A: WHAT UK BUSINESSES NEED TO KNOW

Financial reporting standards play a crucial role in how businesses communicate their financial health to stakeholders. In the UK and Republic of Ireland, two widely adopted standards under the Financial Reporting Council’s UK GAAP framework are FRS 102 and its simplified counterpart, FRS 102 Section 1A (commonly referred to as FRS 102 1A). W