FRS – Why so quiet?

Why so quiet?

The new UK GAAP is coming. 41 working days away to be exact. There’s no stopping it!

So why are so many software providers conspicuously quiet on the subject? Are they just hoping their customers will join them and put their heads in the sand?

That’s not the IRIS philosophy. We have a history of early compliance:

• We fully supported the original IFRS compliance for publicly listed companies in 2005
• When iXBRL was introduced in 2010 we provided automatic tagging of the required iXBRL taxonomy for both UK GAAP and IFRS – ahead of the 2011 legislative mandate
• We’ve also provided an automated report – showing the comparison between the two standards, simplifying the transition
• We now support accountants working with non-listed companies and smaller businesses to make the transition to FRS 101 and FRS 102 as easy as possible ahead of the mandate

Early compliance is a lot of work. We know.

The difference is we don’t pass on the additional stress to our customers. New, complicated legislation happens. And when it does, our customers know that we’ll be ahead of the game so they can be too.

For accountants not using IRIS, I’d strongly suggest you speak to your supplier today and find out what they are doing to ensure you and your practice are ready for all the changes that are coming.

Or get in touch and we’ll be happy to help

Eva Mrazikova

Global Head of Product Marketing

Eva Mrazikova is Global Head of Product Marketing at IRIS, where she leads go-to-market strategy, competitive positioning and product marketing across IRIS’ Accountancy and HCM portfolios in the UK and US.

With more than 20 years’ experience spanning product marketing leadership, commercial strategy and technology transformation, Eva brings a rare blend of strategic vision and hands-on execution to complex, multi-product businesses.

A recognised product marketing leader and qualified accountant, she has spent her career at the forefront of digital transformation, helping organisations navigate the shift from legacy platforms to cloud-based, AI-enabled solutions while driving measurable commercial outcomes through market-led strategy.