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Technical news in brief
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics. Please note only Audit and Assurance Faculty members and Faculties Online subscribers have access to these technical updates.
Financial Reporting | 27 March 2024
The Financial Reporting Council (FRC) has issued amendments to financial reporting standards applicable in the UK and Republic of Ireland, affecting around 3.4 million businesses. The most significant changes aim to align lease and revenue recognition accounting with recent changes to international financial reporting standards.