Course Details

FRS 102 was first introduced in Ireland in 2013, being the Financial Reporting Council’s (FRC’s) new accounting standard based on IFRS for SMEs, with the aim of aligning UK & Irish reporting with international frameworks. The standard underwent a review in 2017, with relatively minor updates becoming effective for periods beginning 1 January 2019. 

 Since then, there have been a number of significant changes to international financial reporting standards, including the release of new revenue, leasing and financial instruments standards. The FRC has undertaken a significant review of FRS102, and plans to issue a Financial Reporting Exposure Draft (or, FRED) in Q4 of 2022, which will essentially be a draft of a new version of FRS 102. This standard will be open for consultation, and stakeholders will be invited to submit feedback, for a period of 3 months following publication. Changes may be made to the FRED before it is published as a final standard, but it will give stakeholders a strong indication of the changes that are coming soon to accounting and reporting. 

In this webinar, we will analyse the FRED, looking at the key changes and how they may impact Irish financial reporting. 


In this session, Claire Thomson will cover the following: 

  • Background to these changes
  • Significant changes – will we see the new international revenue, leasing and financial instruments standards adopted? 
  • Other changes that have been recommended
  • How to help your clients prepare for the new standard


By attending this session, accountants and auditors will gain an understanding of the main changes that the FRC are proposing to UK and Irish accounting, in order to assist their clients prepare for the changes.  


This session is targeted at accountants who prepare financial statements for their clients under Irish GAAP, as well as those who audit and otherwise review such financial statements.

CPD Course Speaker


Claire Thomson

As a member of our Practice Support Team, Claire’s focus is on helping practices achieve on-going best practice compliance, with a particular focus on delivering technical training and providing guidance on the requirements of financial reporting and company law in both Ireland and the UK.

Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland, and trained with Grant Thornton in Belfast. She spent 5.5 years in corporate audit, before moving to Grant Thornton’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.


Lindsay Webber

As a member of our Practice Support team, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training, technical assistance, and file reviews.

Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. Altogether, she has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.

Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University and graduated with distinction from the MBA course at Trinity College Dublin. She is currently working towards a Diploma in Forensic Accounting through Chartered Accountants Ireland.