Accounting Standards Board
(asked on 7th September 2020) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government why UK accounting standard FRS102 states that copyright of the standard remains with the International Accounting Standards Board; and whether they plan to place a copy of any contractual agreement with that Board, including sums required to be paid, in the library of the House.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The front cover of UK accounting standard FRS 102 states that copyright in FRS 102 belongs to the Financial Reporting Council. The document also states that the standard contains material in which the IFRS Foundation holds copyright, and which has been reproduced with its permission.
The license agreement between the Government and the IFRS Foundation has not been finalised and we are not able to comment further on the content of the agreement.