The Financial Reporting Council (FRC) has published its plans for the next year, which will see it focus on audit reform, diversity and corporate culture, as well as the transition to a new regulator.
CEO Stephen Haddrill. Photo: FRC
The Financial Reporting Council (FRC) is set to increase its workload and budget, monitoring audits as well as compliance with the UK corporate governance code, before its transition to a new regulator.
The watchdog revealed its intentions as part of its plan and budget for 2019–20.
The work will include probing the way companies report on governance issues and how they put into practice the new code of governance introduced last year. It will be looking for key issues in company reporting of governance, including boardroom diversity.
In line with recent government policy statements, the FRC will also work to ease the transition to
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