Potential impacts of FRS 102 not fully realised

Author: John Morris, James Kirk (

Categories: Business risk, Business Strategy, Financial Reporting
Tags: FRS 102

Simply, I don’t think they are.  I think most organisations are aware of it.

The standard itself is a pretty weighty tome, it’s very complex and is difficult to understand.

And so inevitably I think, most organisations recognise they need to do something but haven’t really explored the full impact and effect it will have on both them as an individual, but the finance team that they’re part of and the organisation that they’re part of.

So people, I don’t think have really yet grasped the potential impact of what this could mean.

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