Financial reporting rules to be updated post-Brexit
![Financial reporting rules to be updated post-Brexit](https://www.scottishfinancialnews.com/uploads/frc.jpg)
Proposed changes to the UK’s financial reporting rules following Brexit have been published by the Financial Reporting Council (FRC).
The FRC issued the FRED 80 draft amendments on Friday, which propose to update the application guidance to FRS 100 to reflect changes to company law and decisions on equivalence further to the UK’s exit from the European Union.
Comments are being sought on the proposed changes by 26 August 2022.