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Open to comment

The existing process for proposing substantive changes to the FReM is changing to reflect a more formalised approach. As a result FReM Exposure Drafts (ED’s) will now replace RABIG letters and will communicate proposed changes to the FReM.

Respondents will be given a minimum of 8 weeks to comment on proposals, and longer whenever possible. The FReM ED will explain why the amendment is considered necessary, seek your comments, and provide you with an opportunity to state any alternative treatment that you think HM Treasury should consider.

FReM Exposure Drafts will be published on this page and all responses to the consultation will also be placed on the FReM website unless the respondent requests confidentiality.

From 2010 onwards, two versions of the Exposure Drafts will be made available. The first version shows the changes that are proposed, tracked in the document. The second version displays the proposals as they would appear after the close of the consultation period, provided the proposals were accepted, and offers an accessible alternative to the first document.

2012

• (12)07 Accounting for the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme (comments by 26 November) (PDF 153KB)
• Accessible version of (12)07 Accounting for the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme (comments by 26 November) (PDF 149KB)
• (12)06  Improving Relevance and Clarity in Central Government Financial Reporting – Phase 1 (comments by 26 November) (PDF 193KB)
• Accessible version of (12)06  Improving Relevance and Clarity in Central Government Financial Reporting – Phase 1 (comments by 26 November) (PDF 192KB)
• (12)06 Annex 2 to Improving Relevance and Clarity in Central Government Financial Reporting – Phase 1 - Pro-forma Department Yellow 2013-14 (Excel 1.2MB) 
• (12)05  Proposals to update the accounting for pensions (comments by 26 November 2012) (PDF 161KB)
• Accessible version of (12)05 proposals to update the accounting for pensions (comments by 26 November 2012) (PDF 159KB)
• (12)05 Annex to Proposals to update the accounting for pensions - Magenta Pro-forma 2013-14 (Excel 1.5MB)
• (12)04 Application of amendments to IAS 1 for the public sector context (comments by 2 November 2012) (PDF 276KB)
• Accessible version of (12)04 Application of amendments to IAS 1 for the public sector context (comments by 2 November 2012) (PDF 238KB)
• (12)03 Adaptation of IFRS 13 Fair Value Measurement – for the public sector (closed for comments) (PDF 294KB)
• Accessible version of (12)03 Adaptation of IFRS 13 Fair Value Measurement – for the public sector (closed for comments) (PDF 290KB)
• (12)02 Proposals to update the accounting for service concession arrangements (closed for comments) (PDF 262KB)
• (12)01 Interpretation of merger accounting for the public sector context (closed for comments) (PDF 422KB)
• Accessible version of (12)01 Interpretation of merger accounting for the public sector context (closed for comments) (PDF 421KB)

2011

• (11)06 Clear Line of Sight Reform: Rationalisation and Clarification (closed for comments) (PDF 168KB)
• Accessible version of (11)06 Clear Line of Sight Reform: Rationalisation and Clarification (closed for comments) (PDF 168KB)
• (11)05 Implementation of the Hutton Review of Fair Pay: pay multiples, transparency and public accountability improvements (closed for comments)
• Accessible version of (11)05 Implementation of the Hutton Review of Fair Pay: pay multiples, transparency and public accountability improvements (closed for comments)
• (11)04 Governance Statement (closed for comments) (PDF 147KB)
• Accessible version of (11)04 Governance Statement (closed for comments) (PDF 138KB)
• (11)03 Interpretation of IFRS 8 for the public sector context (closed for comments) (PDF 167KB)
• Accessible version of (11)03 Interpretation of IFRS 8 for the public sector context (closed for comments) (PDF 167KB)
• (11)02 Application of IFRIC 19: Extinguishing Financial Liabilities with Equity Instruments (closed for comments) (PDF 93KB)
• (11)01 Proposals to Improve the Methodology for Setting the General Provisions Discount Rate (closed for comments) (PDF 201KB)
• Accessible version of (11)01 Proposals to Improve the Methodology for Setting the General Provisions Discount Rate (closed for comments) (PDF 201KB)

2010

• (10)04  Accounting for the CRC Energy Efficiency Scheme (PDF 77KB) 
• (10)03 True and Fair Override Provision (PDF 78KB)
• Accessible version of (10)03 True and Fair Override Provision (PDF 78KB) 
• (10)02 Accounting for Loans, Public Dividend Capital (PDC) and Investments Outside the Departmental Boundary (PDF 174KB) 
• Accessible version of (10)02 Accounting for Loans, Public Dividend Capital (PDC) and Investments Outside the Departmental Boundary (PDF 173KB)
• (10)01 Disclosure of Senior Staff Salary and Bonuses, and of Civil Service and other compensation schemes - exit packages (PDF 76KB)
• Accessible version of (10)01 Disclosure of Senior Staff Salary and Bonuses, and of Civil Service and other compensation schemes - exit packages (PDF 121KB)

2009

All 2009 drafts, as listed below, are now closed for comment.

• (09)09 Amendment to IFRS 8 Operating Segments (PDF 85KB)
• (09)08 Accounting for Capital Government Grants and Similar Financing from Non-Government Sources (PDF 81KB)
• (09)07 Sustainability Reporting.(PDF 79KB)
• Draft Sustainability Guidance (PDF 599KB)
• Executive Summary (PDF 131KB) 
• (09)06 Heritage Assets (PDF 65KB)
• (09)05 Aligning Budgets, Estimates and Accounts - Proposed FReM Amendments for 2011-12 re the Statement of Parliamentary Supply and Changes to the Departmental Boundary (PDF 245KB)
• (09)04 Re-Measurement of in use non-specialised property under IAS 16. Property, Plant and Equipment (PDF 83KB)
• (09)03 Aligning budgets, Estimates and Accounts - Proposed FReM Amendments for 2010-11 re Cost of Capital Charges, Impairments and Trust Accounts (PDF 167KB)
• (09)02 Draft IAS 1 Amendments (PDF 67KB)
• (09)01 Review of Intra-Government Balance Disclosure in the Resource Accounts (PDF 65KB)
• Annex A (Chapter 5 Amendments)
• Annex B (Chapter 3 Amendments)
• Annex C (Chapter 6 Amendments)
• Annex D  (Chapter 8 Amendments)
• Annex E (Chapter 9 Amendments)
• Annex F (Chapter 1 Amendments)
• Annex G (Dept Yellow Statement of Comprehensive Expenditure)
• Annex H (Agency Pink Statement of Comprehensive Expenditure)
• Annex I (NDPB Green Statement of Comprehensive Expenditure)
• Annex J (Dept Yellow Statement of Changes in Taxpayers Equity)
• Annex K (Agency Pink Statement of Changes in Taxpayers Equity)
• Annex L (NDPB Green Statement of Changes in Equity) 

The documents below are in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website.

For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page. 

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