IT will probably only be in May when investors will pay any attention to the new Financial Reporting Standards (FRS) that will take effect from Jan 1. It will be the May results season when investors will first see the impact of the FRS.
The first affected results will be for the January-to-March quarter and that must be reported by the end of May. There is little interest in the FRS now since most people, investors included, find accounting rules to be boring.
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