Financial Reporting Council UK

About Financial Reporting Council UK

The Financial Reporting Council (FRC) is responsible for promoting transparency and integrity in business. We are the UK Competent Authority for audit and set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about the role of the FRC can be found at www.frc.org.uk.

Our mission is to promote transparency and integrity in business. Successful companies support society by creating jobs, driving economic growth and helping the UK to prosper. The FRC works in the public interest to ensure a strong flow of investment into UK companies so they can grow and support society. We encourage well-run companies and high quality work by auditors, accountants and actuaries. This builds trust among investors around the world. We constantly monitor the quality of audits and company reports, and we act when we see misconduct or breaches of regulations.

We are committed to promoting equality and diversity in all areas of our work, irrespective of gender, disability, ethnicity, sexual orientation, nationality, age or religion.  The FRC is an inclusive employer and values diversity among its employees.