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		IFRS & IAS
		Australian GAAP
		Brazilian GAAP
		European Union
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Companies Act, 1985 has recognized the role of Accounting Standard Board (ASB) to develop and issue reporting standards applicable to the companies in UK from time to time. ASB is also aiming to develop principles to guide it in establishing reporting standards. ASB is autonomous in its role having up to ten board members which are appointed by Financial Reporting Council (FRC). Discussion on UK FRS

Financial Reporting Standards (FRS)

IFRSs:

FRS 1	Cash flow Statements (Revised 1996)
FRS 2	Accounting for Subsidiary Undertakings
AMD	Amendment to FRS 2
FRS 3	Reporting Financial Performance
AMD	Amendment to FRS 3
FRS 5	Reporting the Substance of Transactions
AMD	Amendment to FRS 5 (September 1998)
AMD	Amendment to FRS 5 (November 2003)
FRS 6	Acquisitions and Mergers
AMD	Amendment to FRS 2, FRS 6 and Fes 28 - Legal Changes: 2008
FRS 7	Fair Values in Acquisition Accounting
FRS 8	Related Party Cisclosures
AMD	Amendment to FRS 8 - Legal Changes: 2008
FRS 9	Associates and Joint Ventures
FRS 10	Goodwill and Intangible Assets
FRS 11	Impairment of Fixed Assets and Goodwill
FRS 12	Provisions, Contingent Liabilities and Contingent Assets
FRS 13	Derivatives and Other Financial Instruments: Disclosures
FRS 14	Earnings Per Share
FRS 15	Tangible Fixed Assets
AMD	Amendment to FRS 15 & FRS 10
FRS 16	Current Tax
FRS 17	Retirement Benefits
AMD	Amendment to FRS 17
FRS 18	Accounting Policies
FRS 20	Share-based Payment - IFRS 2 is applicable now
FRS 21	Events after the Balance Sheet Date - IAS 10 is applicable now
FRS 22	Earnings per Share - IAS 33 is applicable now
FRS 23	The Effect of Changes in Foreign Exchange Rates - IAS 21 is applicable now
FRS 24	Financial Reporting in Hyperinflationary Economies - IAS 29 is applicable now
FRS 25	Financial Instruments: Disclosure and Presentation - IAS 32 is applicable now
FRS 26	Financial Instruments: Recognition and Measurement - IAS 39 is applicable now
FRS 27	Life Assurance
FRS 28	Corresponding Amounts
FRS 29	Financial Instruments: Disclosure - IFRS 7 is applicable now
FRS SE	Financial Reporting Standard for Smaller Entities (Effective June 2002)
FRS SE	Financial Reporting Standard for Smaller Entities (Effective January 2005)
FRS SE	Financial Reporting Standard for Smaller Entities (Effective Jannuary 2007)
FRS SE	Financial Reporting Standard for Smaller Entities (Effective April 2008)