KEY DIFFERENCES BETWEEN FRS 102 AND FRS 102 1A EXPLAINED

In the UK and Republic of Ireland, financial reporting standards play a vital role in how companies present their financial performance. Two commonly referenced standards are FRS 102 and FRS 102 Section 1A, often referred to as FRS 102 1A. Both fall under the Financial Reporting Council’s UK GAAP framework, but they serve different types of e