Independent report: Financial Reporting Council: review 2018

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Independent review of the Financial Reporting Council (FRC), the regulator for auditors, accountants and actuaries.

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This independent review, led by Sir John Kingman, looks at the role and function of the FRC, its impact, effectiveness and powers. The report sets out 83 recommendations and suggests that the FRC be replaced with an independent statutory regulator.

Sir John Kingman has also published his response to the Secretary of State’s request to consider if there should be any change to the way auditors are appointed and audit fees set.

The independent review was supported by an advisory group, the role of which was to advise, scrutinise and challenge. See the minutes of the advisory group meetings.

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Read the original at the source: https://www.gov.uk/government/publications/financial-reporting-council-review-2018

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Financial Reporting Council — imported from official source
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https://www.gov.uk/government/organisations/financial-reporting-council.atom ATOM
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September 18, 2026 11:34
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