FRS 100-102, The Changing Face Of Financial Reporting In Ireland

Chartered Accountants Ireland have stated that the new GAAP has been called the ‘biggest change to financial reporting in a generation’. The new standards will come into place on the 1st January 2015 but work will be required to be carried out before this date.

As a director or financial controller of a company it is vital that your company is prepared to introduce these new GAAP.

The first step will be to decide what level of the three tier system best suits your company:


 Timeline of change for the adoption of the new Irish GAAP – FRS 100 – FRS 102new Irish GAAP adoption Should you require additional information on the new Irish GAAP please contact our audit service director Will Townsend (wtownsend@cooneycarey.ie) on 01 677 9000. If this article helped you, please share it with other businesses.