Financial Policy Committee and Financial Reporting Council: Difference between pages

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''UK''
(FRC).


(FPC).  
The regulatory body in the UK that sets, monitors and enforces accounting, auditing and actuarial standards.


A committee of the Bank of England with primary responsibility for identifying, monitoring and taking action to remove or reduce systemic risks, with a view to protecting and enhancing the resilience of the UK financial system.  
The FRC's other functions include overseeing the regulatory activities of the professional accountancy bodies regulating audit, and promoting high standards of corporate governance.  


The FPC has a secondary objective to support the economic policy of the UK Government.


== See also ==
* [[Accounting standards]]
* [[Accounting Council]]
* [[Auditing Practices Board]]
* [[Actuarial Council]]
* [[Financial Reporting Review Panel]]
* [[Professional Oversight Board]]
* [[UK Corporate Governance Code]]
* [[UK Stewardship Code]]
* [[Conduct Committee]]


== See also==
[[Category:Accounting,_tax_and_regulation]]
* [[Bank of England]]
* [[Financial stability]]
* [[Monetary Policy Committee]]
* [[Systemic risk]]
 
[[Category:Risk_frameworks]]

Revision as of 14:08, 4 May 2016

(FRC).

The regulatory body in the UK that sets, monitors and enforces accounting, auditing and actuarial standards.

The FRC's other functions include overseeing the regulatory activities of the professional accountancy bodies regulating audit, and promoting high standards of corporate governance.


See also