See the tables below for a range of information on each of the now-superseded FRSs which were effective under the old UK GAAP regime.
More general information for those researching UK accounting standards, including a timeline of their history and development, can be found in our main research guide. We also maintain separate pages on superseded SORPs, SSAPs, UITF Abstracts, and Recommendations on Accounting Principles.
All of the superseded FRSs listed below, along with related guidance and commentary, can be found in editions of the annual Croner-i 'Accounting Standards' volumes, published in print from 1977 to 2019/20. Further guidance and commentary can be found in the many UK GAAP manuals held in the Library collection.
Those interested in the historical development of UK accounting standards may also wish to consult the Survey of Published Accounts — a series of surveys of UK financial reporting practice published annually by ICAEW between 1970 and 1996. This series both chronicled and influenced the evolution of the UK's accounting standards.
FRS 1 — Cash Flow Statements
| First issued | September 1991 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is held in the Library collection. The revised version issued in October 1996 is available online. It does not include later amendments made by FRS 25. A consolidated version of the standard which includes the later amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on Exposure Draft No. 54. Comments received on this draft are held in the Library collection. 1996 version based on FRED 10. Comments received on this draft are held in the Library collection. A summary of the 1996 version was published by the FRC. |
FRS 2 — Accounting for Subsidiary Undertakings
| First issued | July 1992 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made in 2004 and 2009. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on Exposure Draft No. 50. Comments received on this draft are held in the Library collection. FREDs (and responses) relating to later amendments are also held by the Library. A summary of the standard was published by the FRC. |
FRS 3 — Reporting Financial Performance
| First issued | October 1992 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made in 1993, 1999, and 2007, nor those made by FRS 18, FRS 22, and FRS 25. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 1. Comments received on this draft are held in the Library collection. FREDs (and responses) relating to later amendments are also held by the Library. A summary of the standard was published by the FRC. |
FRS 4 — Capital Instruments
| First issued | December 1993 |
|---|---|
| Date withdrawn or superseded* |
December 2004 (for entities applying FRS 26) March 2013 (for other entities) |
| Superseded by |
FRS 25 and FRS 26 (for entities applying FRS 26) FRS 102 (for other entities) |
| Availability |
The original version is available online. It does not include amendments made by FRS 25. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Based on FRED 3. Comments received on this draft are held in the Library collection. A summary of the standard was published by the FRC. |
FRS 5 — Reporting the Substance of Transactions
| First issued | April 1994 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made in December 1994, September 1998 and November 2003, nor those made by FRS 25 and FRS 26. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
This standard proved to be contentious, and generated a substantial body of secondary literature, some of which is held in the Library collection. The ICAEW Library previously maintained a page listing resources around amendments to FRS 5, UITF 40 and the taxation of professional firms (now archived). Original version based on FRED 4. Comments received on this draft are held in the Library collection. FREDs (and responses) relating to later amendments are also held by the Library. A summary of the standard was published by the FRC. |
FRS 6 — Acquisitions and Mergers
| First issued | September 1994 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made in 2009, nor those made by FRS 25. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 6. Comments received on this draft are held in the Library collection. 2009 amendments based on a FRED issued in December 2008. A summary of the standard was published by the FRC. |
FRS 7 — Fair Values in Acquisition Accounting
| First issued | September 1994 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made in 2008, nor those made by FRS 17, FRS 19 and FRS 25. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 7. Comments received on this draft are held in the Library collection. 2008 amendments based on a FRED issued in June 2008. A summary of the standard was published by the FRC. |
FRS 8 — Related Party Disclosures
| First issued | October 1995 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made in 2008 and 2010. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 8. Comments received on this draft are held in the Library collection. 2010 amendments based on a FRED issued in June 2010. A summary of the standard was published by the FRC. |
FRS 9 — Associates and Joint Ventures
| First issued | November 1997 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
An annotated version of the standard which includes third-party editorial notes is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Based on FRED 11. Comments received on this draft are held in the Library collection. A summary of the standard was published by the FRC. |
FRS 10 — Goodwill and Intangible Assets
| First issued | December 1997 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made by FRS 11 and FRS 18. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Based on FRED 12. A summary of the standard was published by the FRC. |
FRS 11 — Impairment of Fixed Assets and Goodwill
| First issued | July 1998 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made in 2009. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 15. Comments received on this draft are held in the Library collection. 2009 amendments based on a FRED issued in June 2009. A summary of the standard was published by the FRC. |
FRS 12 — Provisions, Contingent Liabilities and Contingent Assets
| First issued | September 1998 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made by FRS 17, FRS 21, and FRS 26. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 14. Comments received on this draft are held in the Library collection. A summary of the standard was published by the FRC. |
FRS 13 — Derivatives and other Financial Instruments: Disclosures
| First issued | September 1998 |
|---|---|
| Date withdrawn or superseded* |
December 2004 (for entities applying FRS 25) December 2005 (for other entities) |
| Superseded by |
FRS 25 (for entities applying FRS 25) FRS 29 (for other entities) |
| Availability |
The original version is available online. It does not include amendments made by FRS 17 and FRS 18. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 13. Comments received on this draft are held in the Library collection. A summary of the standard was published by the FRC. |
FRS 14 — Earnings per Share
| First issued | October 1998 |
|---|---|
| Date withdrawn or superseded* | December 2004 |
| Superseded by | FRS 22 |
| Availability | Available online. |
| Exposure Drafts and selected auxiliary material |
Based on FRED 16. Comments received on this draft are held in the Library collection. A summary of the standard was published by the FRC. |
FRS 15 — Tangible Fixed Assets
| First issued | February 1999 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made by FRS 30. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 17. Comments received on this draft are held in the Library collection. A summary of the standard was published by the FRC. |
FRS 16 — Current Tax
| First issued | December 1999 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
An annotated version of the standard which includes third-party editorial notes is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Based on FRED 18. A summary of the standard was published by the FRC. |
FRS 17 — Retirement Benefits
| First issued | November 2000 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made in 2002, 2006 and 2008. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 20. Comments received on this draft are held in the Library collection. FREDs (and responses) relating to later amendments are also held by the Library. A summary of the standard was published by the FRC. |
FRS 18 — Accounting Policies
| First issued | December 2000 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made by FRS 21. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 21. Comments received on this draft are held in the Library collection. A summary of the standard was published by the FRC. |
FRS 19 — Deferred Tax
| First issued | December 2000 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
An annotated version of the standard which includes third-party editorial notes is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Based on FRED 19. Comments received on this draft are held in the Library collection. A summary of the standard was published by the FRC. |
FRS 20 — Share-based Payment (IFRS 2)
| First issued | April 2004 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is held in the Library collection. It does not include amendments made in March 2008, December 2008, August 2009, and December 2009. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 31. Comments received on this draft are held in the Library collection. FREDs (and responses) relating to later amendments are also held by the Library. A summary of the standard was published by the FRC. |
FRS 21 — Events after the Balance Sheet Date (IAS 10)
| First issued | May 2004 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is held in the Library collection. It does not include amendments made in 2008. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 27. Comments received on this draft are held in the Library collection. 2008 amendments based on a FRED issued in May 2008. A summary of the standard was published by the FRC. |
FRS 22 — Earnings per Share (IAS 33)
| First issued | December 2004 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is held in the Library collection. It does not include amendments made in 2008. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 26. Comments received on this draft are held in the Library collection. 2008 amendments based on a FRED issued in May 2008. A summary of the standard was published by the FRC. |
FRS 23 — The Effects of Changes in Foreign Exchange Rates (IAS 21)
| First issued | December 2004 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is held in the Library collection. It does not include amendments made in 2005 and 2008. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 24. Comments received on this draft are held in the Library collection. A summary of the standard was published by the FRC. |
FRS 24 — Financial Reporting in Hyperinflationary Economies (IAS 29)
| First issued | December 2004 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is held in the Library collection. It does not include amendments made in 2008. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 24. Comments received on this draft are held in the Library collection. 2008 amendments based on a FRED issued in May 2008. A summary of the standard was published by the ASB. |
FRS 25 — Financial Instruments: Presentation (IAS 32)
| First issued | December 2004 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is held in the Library collection. It does not include amendments made in August 2008, December 2008 and January 2010. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 30 (and relevant supplements). Comments received on this draft are held in the Library collection. FREDs (and responses) relating to later amendments are also held by the Library. A summary of the standard was published by the FRC. |
FRS 26 — Financial Instruments: Recognition and Measurement (IAS 39)
| First issued | December 2004 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is held in the Library collection. It does not include amendments made in October 2005, April 2006, October 2008, November 2008, December 2008, September 2009 and December 2009. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 30 (and relevant supplements). Comments received on this draft are held in the Library collection. FREDs (and responses) relating to later amendments are also held by the Library. A summary of the standard was published by the FRC. |
FRS 27 — Life Assurance
| First issued | December 2004 |
|---|---|
| Date withdrawn or superseded* | March 2014 |
| Superseded by | FRS 103 |
| Availability | Available online. |
| Exposure Drafts and selected auxiliary material |
Based on FRED 34. Comments received on this draft are held in the Library collection. A summary of the standard was published by the FRC. |
FRS 28 — Corresponding Amounts
| First issued | October 2005 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is available online. It does not include amendments made in 2009. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
Original version based on FRED 35. Comments received on this draft are held in the Library collection. 2009 amendments based on a FRED issued in 2008. A summary of the standard was published by the FRC. |
FRS 29 — Financial Instruments: Disclosures (IFRS 7)
| First issued | December 2005 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability |
The original version is held in the Library collection. It does not include amendments made in April 2006, August 2008, October 2008, December 2008, May 2009, November 2010 and July 2011. A consolidated version of the standard which includes these amendments is available from the Library. |
| Exposure Drafts and selected auxiliary material |
FREDs (and responses) relating to various amendments are held by the Library. A summary of the standard was published by the FRC. |
FRS 30 — Heritage Assets
| First issued | June 2009 |
|---|---|
| Date withdrawn or superseded* | March 2013 |
| Superseded by | FRS 102 |
| Availability | Available online. |
| Exposure Drafts and selected auxiliary material | Based on FRED 42. A memorandum from ICAEW in response to this draft is available in the ICAEW Digital Archive. |
FRSSE — Financial Reporting Standard for Smaller Entities
| First issued | November 1997 |
|---|---|
| Date withdrawn or superseded* | July 2015 |
| Superseded by | FRS 102 / FRS 105 |
| Availability |
The editions issued in December 2001, April 2005, January 2007, June 2008 and July 2013 are available online, in their original form. Older editions not available online – those issued in November 1997, December 1998, and December 1999 – are available in the Library collection. Consolidated versions of the 2008 and 2013 editions of the standard, which include amendments, are available from the Library. Standalone amendments issued in July 2002 and November 2002 are held by the Library; a set of amendments issued in April 2014 is available online. |
| Exposure Drafts and selected auxiliary material |
Original version based on an exposure draft issued in 1996. Comments received on this draft are held in the Library collection. Exposure drafts (and responses) relating to later amendments are also held by the Library. |
For the purposes of the tables above, the date at which a given FRS was superseded is taken to be the date at which the relevant replacement standard or amendment was first issued; not necessarily the date at which the latter became effective.
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