Financial reporting standard for smaller entities (FRSSE)

Full-text standard

Financial Reporting Standard for Smaller Entities (effective January 2015)
This is the full text of the original standard as issued by the Accounting Standards Board in July 2013. It does not include the amendments made in April 2014.

The changes between FRSSE 2008 and FRSSE 2015 can be found under Consequential amendments to the FRSSE within FRS 100.

A consolidated version of the standard which includes these amendments is available from the Library. Please contact us by phone on +44 (0)20 7920 8620 or by email at library@icaew.com for more information.

Amendments

Amendments to the Financial Reporting Standard for Smaller Entities (effective April 2008); and the Financial Reporting Standard for Smaller Entities (effective January 2015): Micro-entities
Amendment issued by the FRC in April 2014.

Other versions

Financial Reporting Standard for Smaller Entities (effective April 2008)
This is the full text of the original standard as issued by the Accounting Standards Board in June 2008. It updates and supersedes the previous FRSSE (effective January 2007).

Financial Reporting Standard for Smaller Entities (effective January 2007)
As issued by the ASB in January 2008. No online version available.

Financial Reporting Standard for Smaller Entities (effective January 2005)
As issued by the ASB in April 2005.

Financial Reporting Standard for Smaller Entities (effective June 2002)
As issued by the ASB in December 2001.

Summaries

FRSSE
Summary published by the Financial Reporting Council.

ICAEW guidance and support

Corporate 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.

FRC news

FRC consults on amendments to UK and Irish GAAP
Press notice issued by the FRC on 19 February 2015 announcing proposals that include the withdrawal of the FRSSE and the introduction of a new standard for micro-entities.

FRC consults on accounting standards for small entities
Press notice issued by the FRC on 1 September 2014 announcing a consultation on proposed changes to FRS 102 and a new accounting standard for micro-entities following changes to EU law.

FRC simplifies accounting for micro-entities
Press notice issued by the FRC on 29 April 2014 announcing an amended version of the FRSSE.

Guides and publications

Life after FRSSE: FRS 105 explained
Article by Steve Collings published in March 2015 on Accounting Web discussing the FRS 105 ‘The Financial Reporting Standard applicable to the Micro-entities Regime’ exposure draft and proposed amendments to FRS 102 and FRS 100.

FRS 102: How it will affect the FRSSE
Article by Steve Collings published in Accounting Web in November 2013 on how FRSSE interacts with the new UK GAAP.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use. 

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

• View a list of articles and books in our collection on FRSSE and smaller companies accounting standards

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 through our document supply service.