FRC releases updates to reflect company size threshold amendments

News ESG Guidance

Date: 21st Mar, 2025 Source: Financial Reporting Council (FRC) Country: United Kingdom Original Source

Brief

On 21/03/2025, the Financial Reporting Council (FRC) issued an update regarding FRC releases updates to reflect company size threshold amendments. The changes, effective from 6 April 2025, increase the turnover and balance sheet criteria for determining a company's size by approximately 50%, allowing many companies to benefit from lighter touch financial reporting, non-financial reporting, and audit requirements.

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Financial Reporting Council (FRC)

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FRC releases updates to reflect company size threshold amendments

Brief

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FRC releases updates to reflect company size threshold amendments

Brief

Financial Reporting Council (FRC)

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