Site Search:

Professional oversight

The Professional Oversight team, part of the Financial Reporting Council, has the following statutory responsibilities delegated to the FRC by the Secretary of State for Business, Innovation and Skills:
  • independent oversight of the regulation of statutory auditors by the recognised supervisory and qualifying bodies;
  • independent supervision of Auditors General in respect of the exercise of their function as statutory auditors;
  • the regulation of auditors ("third country auditors") of companies outside the  European Economic Area that have issued securities admitted to trading on UK regulated markets;
  • the receipt of statutory change of auditor notifications from companies and statutory auditors in respect of "major audits".  
By agreement with the Actuarial Profession, and with the six chartered accountancy bodies, the Professional Oversight team also exercises:
  • independent oversight of the regulation by the Actuarial Profession of its members; 
  • independent oversight of the regulation of the accountancy profession by the professional accountancy bodies.
Please see our pages on Professional Oversight for more information.
Quick Links
Subscribe to our newsletter and alerts
The Financial Reporting Council Limited is a company limited by guarantee. Registered in England number 2486368. Registered Office: 5th Floor Aldwych House, 71-91 Aldwych, London WC2B 4HN

This website is best viewed in the latest version of Internet Explorer, Chrome and Firefox - (Last updated 06/06/2012)