Roger Marshall, chairman of sub-body the Accounting Standards Board, said the process started in late 2010, when the regulator began considering whether it needs a different focus, and how to make the group work better.
"I think everyone has started thinking about what lessons can be learnt from the financial crisis and its aftermath," he said.
The FRC is made up of six operating bodies, and communication between the groups is one of the primary focuses of the inquiry. The FRC board - which oversees the bodies - is to look into interactions between them, and whether these can be "maximised".
See full Article.
Posts
