The Financial Reporting Council (FRC), the UK’s independent regulator responsible for promoting confidence in corporate reporting and governance, has today published a summary of major developments in corporate reporting and governance in the last three months along with expected developments in the next quarter.
Principal developments during the last quarter include:
- progress on the ‘Choice in the audit market’ project
- publication of ‘Promoting Audit Quality’, an FRC discussion paper inviting comments from stakeholders on the quality of audit in the current legal and regulatory structure
- publication of an amendment to the UK accounting standard on pensions (FRS 17)
- publication of an EU Commission consultation document on the implementation of the third country auditor regime required by the 8th Directive.
See full Press Release.
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