The FRSME is intended to implement IFRS for SMEs under UK GAAP. On this page you can access a range of articles, books and online resources providing quick links to the draft standard, summaries, guides and news of recent developments.
We also maintain a separate guide to IFRS for SMEs.
Full-text draft standard
The Accounting Standards Board issued two Financial Reporting Exposure Drafts in October 2010. The following documents cover FRED 43: Application of Financial Reporting Standards and FRED 44: Financial Reporting for Medium-sized Entities.
Online articles
The library provides access to a range of articles in full text from leading business, finance and management journals.
You will need to be logged-in to the website to gain full access to the range of articles available online.
Useful links
ICAEW
The Future of Financial Reporting in the UK
Summary of proposals and links to webinars hosted by the Financial Reporting Faculty.
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
Summaries
The Future of UK GAAP
Official summary from the ASB, with key facts, frequently asked questions and other relevant publications.
Guides and publications
Case studies relating to the application of the proposals on the future of UK Financial Reporting (as set out in FREDs 43 and 44)
Case studies prepared by the ASB to illustrate some certain requirements of the proposed standards.
The future of UK GAAP
Resources from Grant Thornton on the proposed standards, including factsheets on the difference between FRSME and UK GAAP and on how changes will affect listed groups.
FRSME
A selection of articles from Accounting Web.
How Does the Proposed FRSME Differ From UK GAAP?
Article from SWAT UK, published in January 2011, comparing the proposed FRSME with current UK GAAP.
The future of UK GAAP: Your questions answered
Publication from PwC, released in October 2010, on the proposed three-tier system for UK financial reporting and on the FRSME.
ASB consults on the future of UK financial reporting
ukGAAP Alert newsletter from Deloitte, issued in October 2010.
Articles and books in the Library collection
To find out how you can borrow books from the Library please see our guide to book loans.
You can obtain copies of articles or extracts of books and reports by post, fax or email through our document delivery service.
Can't find what you're looking for?
If you have any difficulty in finding the material you are looking for please contact the enquiry team by phone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com.
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