FRS 102 is now set to be published week commencing 11 March after a further delay following the last FRC board meeting.

Delays to the publication of the long-anticipated FRS 102 - the replacement for UK GAAP - will be subject to consultation at the next board meeting on 5 March. .

Publication had originally been expected in October 2012, then the date was shifted into early 2013. Industry insiders had expected to see the new standard by mid-February this year. .

A limited scope exposure draft was released in October 2012. It proposed a number of amendments to FRED 48 - the draft FRS 102 - in relation to accounting by employers taking part in defined benefit multi-employer pension plans. Additional guidance is also proposed for grantors of service concessions. .

It set out two limited scope amendments relating to multi-employer defined benefit pension plans and grantors of service concession arrangements. .

The FRC anticipates FRS 102 will be effective for accounting periods beginning on or after 1 January 2015; early adoption is permitted. .