The Financial Reporting Council (FRC) is an independent regulator for the United Kingdom and the Republic of Ireland, headquartered in the City of London, established in 1990. It regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes, working to enhance transparency and business integrity for investors and others who rely on corporate reports and audits. A December 2018 independent review recommended replacing the FRC with a new body, the Audit, Reporting and Governance Authority (ARGA), a recommendation the UK government accepted in March 2019, though implementation has faced repeated delay; as of 2024 a draft Audit Reform and Corporate Governance Bill remained under development following a change of government that July.
Facts
HeadquartersLondon Wall, City of London 1 Classification
Institution Subtype Geography
Country or Jurisdiction Served In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Financial Reporting Council - Wikipedia
Opening paragraph
based in London Wall in the City of London
Lead sentence
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and Stewardship Codes.
Introduction, institution-subtype
The Financial Reporting Council (FRC) is an independent regulator for the United Kingdom and the Republic of Ireland, headquartered in the City of London, established in 1990.
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