Consultation on the future role of the Financial Reporting Council published

A consultation proposing the refocusing and streamlining of the Financial Reporting Council (FRC) was launched by the Department for Business, Innovation and Skills (BIS) and the FRC.

The aim of the reforms is to create an FRC that is clearer about its role and purpose, proportionate in the execution of that purpose and in a strong position to promote the highest standards of corporate reporting, governance and auditing.

See full Press Release.