Five Ways Financial Reporting Exposure Draft (FRED) 82 Will Transform FRS 102 Compliance: Are You Ready?

2025 will bring significant changes to the UK’s financial reporting landscape with the introduction of the FRED 82 amendments to FRS 102. These amendments reflect recent updates to IFRS standards, particularly in lease accounting. 

Effective from 1 January 2026, the FRED 82 amendments will require businesses to reassess key aspects of revenue recognition and lease accounting. However, their impact will extend beyond accounting and lease management teams. Many organizations will face challenges related to compliance, operational adjustments, resource management, and technological updates. 

Whether upgrading systems or training staff, this eBook provides actionable insights and strategies to ensure compliance while leveraging the regulation for operational improvements. In this eBook, you will explore: 

• What FRED 82 is and how it changes lease accounting under FRS 102 to align more closely with IFRS 16. 

• The key changes businesses need to be aware of. 

• Five ways the regulation is likely to impact your business. 

• Tips and guidance to help your business prepare before the amendments take effect.