FINANCIAL REPORTING COUNCIL

About the Financial Reporting Council

The Financial Reporting Council (FRC) is the UK’s independent regulator responsible for promoting high-quality corporate governance and reporting to foster investment. Established to oversee the accounting, auditing, and actuarial professions, the FRC plays a crucial role in ensuring that financial statements are transparent and reliable.

With a commitment to enhancing the quality of financial reporting, the FRC sets standards and monitors compliance across various sectors. It works closely with stakeholders, including businesses, investors, and regulators, to develop frameworks that support effective governance practices.

The FRC also conducts investigations into breaches of professional standards, ensuring accountability within the industry. By providing guidance and resources, the council aims to improve the overall integrity of financial reporting in the UK.

In addition to its regulatory functions, the FRC engages in outreach activities to educate and inform stakeholders about best practices in financial reporting and governance. The council’s vision is to be a trusted authority in corporate reporting, contributing to a sustainable economy.

Through its initiatives, the FRC seeks to enhance public confidence in the financial reporting process, ultimately benefiting all market participants. The council is dedicated to continuous improvement and adaptation to meet the evolving needs of the financial landscape.

• Core Activities: Regulation, standard-setting, monitoring compliance, and conducting investigations.
• Vision: To promote high-quality corporate governance and reporting.
• Engagement: Collaborating with stakeholders to enhance financial reporting standards.