Financial Reporting Standards
Changes effective for annual periods beginning after 1 January 2025
Financial Reporting Standards (FRSs) refer to Financial Reporting Standards and Interpretations of Financial Reporting Standards issued by the ASC.
FRSs are published for your own personal non-commercial use only, subject to the Terms & Conditions of Use of this Web Site. As FRSs are based on IFRS Accounting Standards issued by the International Accounting Standards Board and the copyright to IFRS Accounting Standards is owned by the IFRS Foundation, permission to use FRSs for any other purpose is required from ACRA and the IFRS Foundation with regard to FRSs and IFRS Accounting Standards, respectively.
The following are the new/revised/amendments to FRSs issued up to 31 December 2025 which are effective for annual reporting periods beginning after 1 January 2025.
Financial Reporting Standards
2The ASC issued the amended FRS 119 Subsidiaries and Small Entities without Public Accountability: Disclosures in August 2025 to make it available as an option to eligible small entities.