Corporate Profiles

Regulation

The Financial Reporting Council is the UK's independent regulator responsible for promoting high quality corporate governance and reporting to foster investment. The FRC promotes high standards of corporate governance through the UK Corporate Governance Code and sets standards for corporate reporting and actuarial practice. It also monitors and enforces accounting and auditing standards. The FRC oversees the regulatory activities of the actuarial profession and the professional accountancy bodies and operates independent disciplinary arrangements for public interest cases involving accountants and actuaries.

Much of the FRC's work is carried out by its subsidiary boards including the Accounting Standards Board which is responsible for accounting standards and the Auditing Practices Board which is responsible for auditing standards. The FRC subsidiary boards are:

Each subsidiary board maintains a website under the umbrella of the FRC.

The Irish Auditing and Accounting Supervisory Authority (IAASB) regulates the profession in the Republic of Ireland. Further information can be found on the website of the Chartered Accountants Ireland.

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