Accounting Standards Board : Proposal for disclosures on financial instruments

15 June 2012 The Accounting Standards Board has been working to replace the battery of existing Financial Reporting Standards (FRSs) and Statements of Standard Accounting Practice with a single comprehensive FRS that will provide consistency and cohesion. As part of this, in January 2012, it issued “Revised FRED 46, 47 & 48: The Future of Financial Reporting : Part Two: The Draft Standards” for comment (link provided below). Author: Martin Veasey © www.veaseyassociates.co.uk 2011 – 2018

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