Financial Reporting Council

Financial Reporting Council
(FRC)
A independent regulatory body which sets, monitors and enforces accounting and auditing standards; oversees the regulatory activities of the professional accountancy bodies; and promotes high standards of corporate governance. It provides guidance to the Accounting Standards Board and the Financial Reporting Review Panel.
FRC website
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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