Financial Reporting Standards
Practice Statements

The FRS Practice Statements issued by the ASC are published for your own personal non-commercial use only, subject to the Terms & Conditions of Use of this Web Site. As the FRS Practice Statements are based on the IFRS Practice Statements and the copyright to the IFRS Practice Statements is owned by the IFRS Foundation, permission to use the FRS Practice Statements for any other purpose is required from the ASC and the IFRS Foundation with regard to the FRS Practice Statements and the IFRS Practice Statements, respectively.

Title Application Date Issuance Date
Management Commentary (248 KB) 1 Apr 2011 17 Mar 2011
Making Materiality Judgements (393 KB)
1 Jan 2023 *
* This version includes the applicable amendments issued by the ASC since the issuance of the Practice Statement.


Archived documents can be accessed here.

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