Financial Reporting Council

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The Financial Reporting Council (FRC) is the UK’s independent regulator responsible and standard-setter responsible for corporate governance and financial reporting as well as the audit, accounting and actuarial professions.

Background

The FRC's functions are exercised principally by its operating bodies (the Accounting Standards Board, the Auditing Practices Board, the Board for Actuarial Standards, the Financial Reporting Review Panel, the Professional Oversight Board and the Accountancy and Actuarial Discipline Board) and by the FRC Board. The Committee on Corporate Governance assists the Board in its work on Corporate Governance. [1]

People

FRC Council

The membership of the Council includes wide and balanced representation at the highest levels from the business, investor, professional and other communities interested in corporate reporting and governance.

Chair

Deputy Chair

Chief Executive

Staff

Council Members

Ian Mackintosh (ex-officio) * Chair, Accounting Standards Board

Observers

Richard Dyson * Deputy Chairman, CCAB, Deputy President ICAEW Dr Clive Grace * CCAB, CIPFA representative Mary Keegan * Managing Director, Government Financial Management at HM Treasury

Secretary

Lobbyists

Internal

Notes

  1. 1.0 1.1 FRC announces appointment of Peter Montagnon as Senior Investment Advisor, 21 April 2010, accessed 15 May 2012
  2. FRC, Board, accessed 15 May 2012