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FAQs General

General

General FAQs

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What does the FRC do?

The FRC undertakes its regulatory responsibilities in a proportionate and evidence-based way, informed by experts, including company directors, accountants, actuaries and investors to foster a climate in which investment can flourish. As the UK's audit regulator the FRC promotes high levels of audit quality and contributes to the international debate on the future of the audit market. The FRC also promotes high quality corporate governance and reporting, publishing Codes and Standards that companies, auditors, actuaries and accountants adopt.

How does the FRC fit in the whole UK regulatory framework?

The FRC is an independent regulator, delegated powers by the Secretary of State for Department for Business, Energy and Industrial Strategy. We cooperate widely with partner organisations including the Prudential Regulation Authority and Financial Conduct Authority.