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THE FINANCIAL REPORTING COUNCIL LIMITED has floated a tender for Research on Preparers' Use of Frs 101 Reduced Disclosure Framework. The project location is United Kingdom and the tender is closing on 11 Apr 2024. The tender notice number is FRC2024-008, while the TOT Ref Number is 99066504. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : United Kingdom
Summary : Research on Preparers' Use of Frs 101 Reduced Disclosure Framework
Deadline : 11 Apr 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 99066504
Document Ref. No. : FRC2024-008
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : GBP 42000
Purchaser's Detail
Purchaser : THE FINANCIAL REPORTING COUNCIL LIMITED
8Th Floor, 125 London Wall LONDON EC2Y 5AS United Kingdom
Contact Person : Head of Procurement
United Kingdom
Email :Procurement@frc.org.uk
Tender Details
Title : Research on preparers' use of FRS 101 Reduced Disclosure Framework
Location Of Contract : EC2Y 5AS
Industry : Research and development services and related consultancy services - 73000000
Value Of Contract : £42, 000
Description : The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. The FRC is also a prescribed body for issuing accounting standards in the UK and Republic of Ireland. The FRC's overriding objective in setting accounting standards is to enable users of accounts to receive high-quality, understandable financial reporting proportionate to the size and complexity of the entity and users' information needs.This research project will engage with UK companies to gather data about their use of a particular UK accounting standard: FRS 101 Reduced Disclosure Framework. However, the project will not require the successful contractor to have specialist knowledge of accounting.PURPOSE AND OBJECTIVES(1) Groups applying FRS 101The research will collect information from groups of companies that have chosen to apply FRS 101 in the preparation of UK qualifying entities' financial statements. For these groups, below is a snapshot of what we would like to know:a) the most significant reasons for preparers' choice to apply FRS 101 to the financial statements of qualifying group entities, and who (i.e. which job function) made this d...
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