FRS 12 Provisions, Contingent Liabilities and Contingent Assets

FRS 12 Provisions, Contingent Liabilities and Contingent Assets is an official document issued by the Financial Reporting Council (FRC). The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. They set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work.