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Financial Reporting Council
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The UK's independent regulator responsible for promoting confidence in corporate reporting and governance
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About the FRC
Strategic Outcome: The FRC is an effective, accountable and independent regulator, actively helping to shape UK, and to influence EU and global, approaches to corporate reporting and governance.
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Supporting Outcomes:
(which contribute to the Strategic Outcome)
The FRC meets the principles of good regulation, and is transparent and accountable.
The FRC is recognised in the UK and globally as independent, credible, authoratative and influential.
The FRC has adequate resources and management processes and operates efficiently.
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The functions we exercise in pursuit of our aim can be summarised as follows:

  • promoting high standards of corporate governance
  • setting, monitoring and enforcing accounting and auditing standard
  • setting actuarial standards 
  • statutory oversight and regulation of auditors
  • operating an independent investigation and discipline scheme for public interest cases
  • overseeing the regulatory activities of the professional accountancy and actuarial bodies

 We believe that there are strong connections between the issues of corporate governance, auditing, actuarial practice, corporate reporting and the professionalism of accountants and actuaries. We believe that the breadth of our responsibilities and functions will enhance our effectiveness.

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