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Codes & Standards Committee

The Codes & Standards Committee is responsible for advising the FRC Board on maintaining an effective framework of UK codes and standards for Corporate Governance, Stewardship, Accounting, Auditing and Assurance, and Actuarial technical standards. Codes & Standards Committee also advises on influencing the wider regulatory framework and on the FRC’s research programme. It advises the FRC Board on the Annual Plan for Codes and Standards work and for making appointments to, and overseeing the work of, the Councils.  It pays special attention to identifying cross-cutting issues that the FRC needs to tackle, looking across the coverage of individual codes and standards, identifying emerging risks and ensuring work is in hand to manage them. It advises the Board on corporate governance questions. It also decides those matters delegated to it by the Board, for example, on some international issues. 
 
The Committee comprises FRC Board members together with others with particular technical expertise, including practising professionals. 
 
The FRC Board and the Codes & Standards Committee are advised by three Councils covering Accounting (including both accounting and narrative reporting), Audit & Assurance and Actuarial work.  These are an important part of the decision-making structure.  Their advice is put fully to the FRC Board.  The Board member chairing each Council is responsible for submitting the Council’s advice to the Board. 
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The Financial Reporting Council Limited is a company limited by guarantee. Registered in England number 2486368. Registered Office: 8th Floor, 125 London Wall, London EC2Y 5AS