FRS 102 health check tool

With FRS 102 changes now in effect, as of 1 January 2026, our FRS 102 health check tool helps you understand your organisation’s level of exposure and where further review may be required.

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Amendments to FRS 102 represent the most significant change to UK GAAP in a decade. The new revenue recognition and lease accounting requirements may materially affect financial statements, performance metrics and covenant calculations.

After submitting the health check, you will receive a personalised marketing email outlining the moderate to high risk areas identified within your organisation’s FRS 102 risk profile. This email will also set out practical next steps relevant to your business.

Understanding your result

Based on your responses, the tool will indicate an overall level of potential exposure to the new FRS 102 requirements. This outcome is intended as an initial diagnostic only, and should be considered alongside a detailed technical assessment.

Low risk

Limited indicators of significant impact based on the information provided.
Moderate risk

Certain aspects of revenue recognition or lease accounting may require further review.
High risk

Indicators suggest the changes could have a more significant impact on financial reporting, metrics or underlying processes.

FRS 102 changes: early assessment is critical

The FRS 102 amendments are now effective, with auditors expecting impacts to be evaluated and documented ahead of the financial year-end. Acting now is essential to identify and manage implications beyond the financial statements, including contracts, systems, data and covenant compliance.