FRC Responses to External Consultations
21 minute read
The Financial Reporting Council often responds to external consultations that fall within its remit. You can find below a full list of FRC responses to external consultations. Responses will generally be published a day after they have been submitted by the FRC.
2025
2024
2023
2022
2021
| Name | FRC’s response to Proposed International Standard on Auditing for Audits of Financial Statements of |
|---|---|
| Publication date | 17 December 2021 |
| Type | Response to external consultations |
| Format | PDF, 896.3 KB. View HTML version |
| Name | FRC’s response to IFRS Practice Statement Exposure Draft ED/2021/6 – Management Commentary |
| Publication date | 9 November 2021 |
| Type | Response to external consultations |
| Format | PDF, 8.0 MB. View HTML version |
| Name | FRC’s Response to Part 2 of the IFR4NPO Consultation Paper |
| Publication date | 20 September 2021 |
| Type | Response to external consultations |
| Format | PDF, 2.0 MB. View HTML version |
| Name | FRC's Response to IESBA's proposed QM conforming amendments |
| Publication date | 6 September 2021 |
| Type | Response to external consultations |
| Format | PDF, 1.0 MB. View HTML version |
| Name | FRC’s Response to Part 1 of the IFR4NPO Consultation Paper |
| Publication date | 20 July 2021 |
| Type | Response to external consultations |
| Format | PDF, 603.6 KB. View HTML version |
| Name | FRC's Response to IFRSF Constitution Review |
| Publication date | 5 July 2021 |
| Type | Response to external consultations |
| Format | PDF, 244.9 KB. View HTML version |
| Name | FRC's Response to IESBA on Proposed Revisions to the Definitions of Listed Entity and Public Interest Entity in the International Code of Ethics for Professional Accountants |
| Publication date | 12 May 2021 |
| Type | Response to external consultations |
| Format | PDF, 2.9 MB. View HTML version |
2020
2019
| Name | FRC's response to IASB ED on Disclosure of Accounting Policies |
|---|---|
| Publication date | 16 October 2019 |
| Type | Response to external consultations |
| Format | PDF, 93.4 KB. View HTML version |
| Name | FRC’s response to the IESBA consultation on Promoting the Role and Mindset Expected of Professional Accountants |
| Publication date | 3 October 2019 |
| Type | Response to external consultations |
| Format | PDF, 469.8 KB. View HTML version |
| Name | FRC response to IASB Exposure Draft ED/2019/4 Amendments to IFRS 17 |
| Publication date | 10 October 2019 |
| Type | Response to external consultations |
| Format | PDF, 488.9 KB. View HTML version |
| Name | FRC Response to IAASB Quality Management Consultation |
| Publication date | 8 July 2019 |
| Type | Response to external consultations |
| Format | PDF, 218.9 KB. View HTML version |
| Name | FRC response to EFRAG Consultation on Equity Instruments – Research on Measurement |
| Publication date | 10 October 2019 |
| Type | Response to external consultations |
| Format | PDF, 502.6 KB. View HTML version |
| Name | FRC response to Exposure Draft ED/2019/1 Interest Rate Benchmark |
| Publication date | 10 October 2019 |
| Type | Response to external consultations |
| Format | PDF, 519.8 KB. View HTML version |
| Name | FRC Response to IAASB Strategy and WP 2020 - 23 |
| Publication date | 4 June 2019 |
| Type | Response to external consultations |
| Format | PDF, 451.7 KB. View HTML version |
| Name | EFRAG Draft Comment Letter on the IASB Exposure Draft ED/2019/1 Interest Rate Benchmark Reform |
| Publication date | 10 October 2019 |
| Type | Response to external consultations |
| Format | PDF, 541.4 KB. View HTML version |
| Name | FRC response to IESBA on changes to Part 4B of the Code |
| Publication date | 2 May 2019 |
| Type | Response to external consultations |
| Format | PDF, 168.8 KB. View HTML version |
| Name | FRC response to IASB Exposure Draft: Onerous Contracts: Costs of Fulfilling a Contract (ED/2018/2) |
| Publication date | 31 January 2019 |
| Type | Response to external consultations |
| Format | PDF, 171.0 KB. View HTML version |
| Name | FRC response to EFRAG Draft Comment Letter: IASB Exposure Draft: Onerous Contracts: Costs of Fulfilling a Contract (ED/2018/2) |
| Publication date | 31 January 2019 |
| Type | Response to external consultations |
| Format | PDF, 182.2 KB. View HTML version |
| Name | FRC response to CMA update paper on the audit market |
| Publication date | 31 January 2019 |
| Type | Response to external consultations |
| Format | PDF, 1.5 MB. View HTML version |
2018
| Name | FRC response to EFRAG Draft Comment Letter: IASB Discussion Paper Financial Instruments (DP/2018/1) |
|---|---|
| Publication date | 15 January 2019 |
| Type | Response to external consultations |
| Format | PDF, 823.0 KB. View HTML version |
| Name | FRC response to IASB Discussion Paper: Financial Instruments with Characteristics of Equity |
| Publication date | 20 December 2018 |
| Type | Response to external consultations |
| Format | PDF, 292.2 KB. View HTML version |
| Name | FRC response to IAASB Exposure Draft: Proposed ISA 315 (Revised) |
| Publication date | 2 November 2018 |
| Type | Response to external consultations |
| Format | PDF, 271.3 KB. View HTML version |
| Name | FRC Response to IESBA’s Professional Scepticism Consultation |
| Publication date | 25 July 2018 |
| Type | Response to external consultations |
| Format | PDF, 299.8 KB. View HTML version |
| Name | Letter to the BEIS Select Committee on gender pay and the Corporate Governance Code |
| Publication date | 18 July 2018 |
| Type | Response to external consultations |
| Format | PDF, 894.4 KB. View HTML version |
| Name | FRC response to Joint BEIS and Work & Pensions Select Committee report on Carillion |
| Publication date | 12 July 2018 |
| Type | Response to external consultations |
| Format | PDF, 268.3 KB. View HTML version |
| Name | FRC response to IOSCO’s Consultation of Good Practice Guidance for Audit Committees in Supporting Audit Quality |
| Publication date | 9 July 2018 |
| Type | Response to external consultations |
| Format | PDF, 175.6 KB. View HTML version |
| Name | FRC response to IESBA’s Strategy Consultation 2019-2023 |
| Publication date | 10 July 2018 |
| Type | Response to external consultations |
| Format | PDF, 549.2 KB. View HTML version |
| Name | FRC response to the Monitoring Group’s consultation on audit standard setting reform |
| Publication date | 9 February 2018 |
| Type | Response to external consultations |
| Format | PDF, 643.0 KB. View HTML version |
| Name | FRC Response to Exposure Draft (ED) ED/2017/6 Definition of Material (Proposed amendments to IAS 1 and IAS 8) |
| Publication date | 10 January 2018 |
| Type | Response to external consultations |
| Format | PDF, 241.7 KB. View HTML version |
| Name | FRC Response to EFRAG's Draft Comment Letter on ED/2017/6 |
| Publication date | 10 January 2018 |
| Type | Response to external consultations |
| Format | PDF, 237.5 KB. View HTML version |
| Name | Response to Department of Business, Energy & Industrial Strategy on Streamlined Energy & Carbon Reporting |
| Publication date | 10 January 2018 |
| Type | Response to external consultations |
| Format | PDF, 326.3 KB. View HTML version |
2017
| Name | FRC response to IESBA ED on Inducements |
|---|---|
| Publication date | 30 November 2017 |
| Type | Response to external consultations |
| Format | PDF, 1.1 MB. View HTML version |
| Name | FRC response to IASB: Accounting Policies and Accounting Estimates ED 2017/5 |
| Publication date | 2 November 2017 |
| Type | Response to external consultations |
| Format | PDF, 189.3 KB. View HTML version |
| Name | FRC Response to EFRAG on IASB ED/2017/5 Accounting Policies and Accounting Estimates |
| Publication date | 2 November 2017 |
| Type | Response to external consultations |
| Format | PDF, 182.6 KB. View HTML version |
| Name | FRC response to IFRS: Property, Plant and Equipment (ED/2017/4) |
| Publication date | 12 October 2017 |
| Type | Response to external consultations |
| Format | PDF, 503.2 KB. View HTML version |
| Name | FRC Response to IASB: DP/2017/1 Disclosure Initiative: Principles of Disclosure |
| Publication date | 12 September 2017 |
| Type | Response to external consultations |
| Format | PDF, 222.2 KB. View HTML version |
| Name | FRC Response to EFRAG's Draft Comment Letter on DP/2017/1 |
| Publication date | 12 September 2017 |
| Type | Response to external consultations |
| Format | PDF, 167.5 KB. View HTML version |
| Name | FRC Response to the EU HLEG questionnaire on sustainable finance interim report |
| Publication date | 29 August 2017 |
| Type | Response to external consultations |
| Format | PDF, 90.0 KB. View HTML version |
| Name | FRC Response to IAASB’s ED 540 Consultation – Accounting Estimates and Disclosures |
| Publication date | 21 July 2017 |
| Type | Response to external consultations |
| Format | PDF, 995.0 KB. View HTML version |
| Name | FRC Response to IASB ED/2017/2 Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34) |
| Publication date | 24 July 2017 |
| Type | Response to external consultations |
| Format | PDF, 255.1 KB. View HTML version |
| Name | FRC Response to the IESBA consultation on Improving the Structure of the Code of Ethics for Professional Accountants – Phase 2 |
| Publication date | 16 May 2017 |
| Type | Response to external consultations |
| Format | PDF, 4.6 MB. View HTML version |
| Name | FRC Response to IASB ED/2017/3 Prepayment Features with Negative Compensation (Proposed Amendments to IFRS 9) |
| Publication date | 17 May 2017 |
| Type | Response to external consultations |
| Format | PDF, 254.0 KB. View HTML version |
| Name | FRC Response to EFRAG's Draft Comment Letter on ED/2017/3 |
| Publication date | 17 May 2017 |
| Type | Response to external consultations |
| Format | PDF, 297.9 KB. View HTML version |
| Name | FRC response to IIRC on the implementation of the International Integrated Reporting Framework (IR) |
| Publication date | 28 April 2017 |
| Type | Response to external consultations |
| Format | PDF, 131.6 KB. View HTML version |
| Name | FRC Response to IESBA’s Consultation on Safeguards |
| Publication date | 24 April 2017 |
| Type | Response to external consultations |
| Format | PDF, 3.2 MB. View HTML version |
| Name | FRC Response to IESBA’s Consultation on Applicability of Part C of the Code |
| Publication date | 24 April 2017 |
| Type | Response to external consultations |
| Format | PDF, 469.2 KB. View HTML version |
| Name | FRC response to European Commission's survey on mid-term review on CMU |
| Publication date | 29 March 2017 |
| Type | Response to external consultations |
| Format | PDF, 78.9 KB. View HTML version |
| Name | FRC response to IASB: ED/2017/1 Annual Improvements to IFRS Standards 2015-2017 Cycle |
| Publication date | 30 March 2017 |
| Type | Response to external consultations |
| Format | PDF, 663.6 KB. View HTML version |
| Name | FRC response to the Task Force on Climate-related Financial Disclosures report consultation questions |
| Publication date | 27 February 2017 |
| Type | Response to external consultations |
| Format | PDF, 197.2 KB. View HTML version |
| Name | FRC Response to the IAASB's consultation on Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics |
| Publication date | 31 January 2017 |
| Type | Response to external consultations |
| Format | PDF, 1.8 MB. View HTML version |
| Name | FRC Response to IAASB Consultation on Emerging Forms of External Reporting |
| Publication date | 23 January 2017 |
| Type | Response to external consultations |
| Format | PDF, 2.5 MB. View HTML version |
2016
2015
| Name | FRC response to the IASB Exposure Draft: Conceptual Framework for Financial Reporting |
|---|---|
| Publication date | 25 November 2015 |
| Type | Response to external consultations |
| Format | PDF, 492.4 KB. View HTML version |
| Name | FRC Response to IAASB’s Exposure Draft on ISA 250 Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations |
| Publication date | 15 October 2015 |
| Type | Response to external consultations |
| Format | PDF, 78.2 KB. View HTML version |
| Name | FRC response to HMRC consultation - Improving Large Business Tax Compliance |
| Publication date | 15 October 2015 |
| Type | Response to external consultations |
| Format | PDF, 164.8 KB. View HTML version |
| Name | FRC Response to IASB Exposure Draft ED/2015/6 Clarifications to IFRS 15 |
| Publication date | 12 October 2015 |
| Type | Response to external consultations |
| Format | PDF, 289.2 KB. View HTML version |
| Name | FRC response to AAE Second Exposure Draft of European Standard of Actuarial Practice 2 (ESAP 2) |
| Publication date | 4 September 2015 |
| Type | Response to external consultations |
| Format | PDF, 240.9 KB. View HTML version |
| Name | FRC response to IESBA’s consultation on non-compliance with laws and regulation |
| Publication date | 4 September 2015 |
| Type | Response to external consultations |
| Format | PDF, 246.2 KB. View HTML version |
| Name | FRC response to Actuarial Standards Committee: Draft Statement of Intent for ISAP [1A] - Governance |
| Publication date | 28 July 2015 |
| Type | Response to external consultations |
| Format | PDF, 155.6 KB. View HTML version |
| Name | Draft Accounting Council advice - IASB conceptual framework Exposure Draft |
| Publication date | 22 September 2015 |
| Type | Response to external consultations |
| Format | PDF, 192.6 KB. View HTML version |
| Name | FRC response to IAA syllabus |
| Publication date | 16 July 2015 |
| Type | Response to external consultations |
| Format | PDF, 143.7 KB. View HTML version |
| Name | FRC Response to IASB Exposure Draft ED/2015/2 Effective Date of IFRS 15 |
| Publication date | 14 October 2015 |
| Type | Response to external consultations |
| Format | PDF, 96.0 KB. View HTML version |
| Name | FRC response to Green Paper: Building a Capital Markets Union |
| Publication date | 19 May 2015 |
| Type | Response to external consultations |
| Format | PDF, 98.9 KB. View HTML version |
| Name | FRC Response to IASB Exposure Draft Classification of Liabilities |
| Publication date | 19 May 2015 |
| Type | Response to external consultations |
| Format | PDF, 174.2 KB. View HTML version |
| Name | FRC Response to IASB Disclosure Initiative Proposed Amendments to IAS 7 |
| Publication date | 25 March 2015 |
| Type | Response to external consultations |
| Format | PDF, 241.3 KB. View HTML version |
| Name | FRC Response to IESBA Consultation on the Structure of the Code of Ethics |
| Publication date | 16 May 2017 |
| Type | Response to external consultations |
| Format | PDF, 4.6 MB. View HTML version |
| Name | FRC Response to IFRS Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value (Exposure Draft ED/2014/4) |
| Publication date | 28 January 2015 |
| Type | Response to external consultations |
| Format | PDF, 244.1 KB. View HTML version |
2014
| Name | FRC response to IAA on the proposed final draft of ISAP 3 |
|---|---|
| Publication date | 28 November 2014 |
| Type | Response to external consultations |
| Format | PDF, 113.6 KB. View HTML version |
| Name | FRC response to IOSCO proposed Statement on Non-GAAP Financial Measures |
| Publication date | 20 November 2014 |
| Type | Response to external consultations |
| Format | PDF, 161.6 KB. View HTML version |
| Name | FRC Response to IESBA: Exposure Draft – Long association of personnel with an audit or assurance client |
| Publication date | 12 November 2014 |
| Type | Response to external consultations |
| Format | PDF, 212.1 KB. View HTML version |
| Name | FRC response to the European Commission’s consultation on the impact of IFRS in the European Union |
| Publication date | 6 November 2014 |
| Type | Response to external consultations |
| Format | PDF, 165.5 KB. View HTML version |
| Name | FRC response to NAO consultation on the draft Code of Audit Practice |
| Publication date | 27 October 2014 |
| Type | Response to external consultations |
| Format | PDF, 268.7 KB. View HTML version |
| Name | FRC Response to IASB Discussion Paper ‘Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging |
| Publication date | 13 October 2014 |
| Type | Response to external consultations |
| Format | PDF, 242.1 KB. View HTML version |
| Name | FRC response to IESBA: Exposure Draft – Proposed changes to certain non-assurance services provision |
| Publication date | 29 September 2014 |
| Type | Response to external consultations |
| Format | PDF, 209.0 KB. View HTML version |
| Name | FRC response to FCA consultaton - Retirement reforms and the Guidance Guarantee |
| Publication date | 18 September 2014 |
| Type | Response to external consultations |
| Format | PDF, 68.1 KB. View HTML version |
| Name | FRC response to IAASB ED Addressing Disclosures in the Audit of Financial Statements |
| Publication date | 15 September 2014 |
| Type | Response to external consultations |
| Format | PDF, 232.4 KB. View HTML version |
| Name | FRC response to CMA on Statutory audit services investigation: formal consultation on draft Order |
| Publication date | 14 August 2014 |
| Type | Response to external consultations |
| Format | PDF, 171.6 KB. View HTML version |
| Name | FRC response to IAASB's exposure draft ISA 720 (Revised) |
| Publication date | 25 July 2014 |
| Type | Response to external consultations |
| Format | PDF, 257.9 KB. View HTML version |
| Name | FRC responds to IASB Disclosure Initiative proposed amendments to IAS 1 |
| Publication date | 8 July 2014 |
| Type | Response to external consultations |
| Format | PDF, 256.1 KB. View HTML version |
| Name | FRC responds to IASB RFI Application of Materiality |
| Publication date | 31 July 2014 |
| Type | Response to external consultations |
| Format | PDF, 258.1 KB. View HTML version |
| Name | FRC responds to IASB RFI Post-Implementation Review : IFRS 3 Business Combinations |
| Publication date | 2 June 2014 |
| Type | Response to external consultations |
| Format | PDF, 986.7 KB. View HTML version |
| Name | FRC response to the Better workplace pensions - Further measures for savers consultation |
| Publication date | 16 May 2014 |
| Type | Response to external consultations |
| Format | PDF, 55.6 KB. View HTML version |
| Name | FRC Response to Consultation Paper ‘ESMA Guidelines on Alternative Performance |
| Publication date | 15 May 2014 |
| Type | Response to external consultations |
| Format | PDF, 209.1 KB. View HTML version |
| Name | FRC response to Global Management Accounting Principles |
| Publication date | 9 May 2014 |
| Type | Response to external consultations |
| Format | PDF, 32.1 KB. View HTML version |
| Name | FRC response to IFRS Interpretations Committee - IAS 1 |
| Publication date | 7 May 2014 |
| Type | Response to external consultations |
| Format | PDF, 47.7 KB. View HTML version |
| Name | FRC Response to IAASB Consultation: Proposed Strategy for 2015-2019 and Proposed Work Program for 2015-2016 |
| Publication date | 31 March 2014 |
| Type | Response to external consultations |
| Format | PDF, 169.6 KB. View HTML version |
| Name | FRC response to the Consultation Paper: Banking Standards Review |
| Publication date | 25 March 2014 |
| Type | Response to external consultations |
| Format | PDF, 48.2 KB. View HTML version |
| Name | FRC letter to Chairman of IASB on results of leases outreach |
| Publication date | 21 March 2014 |
| Type | Response to external consultations |
| Format | PDF, 323.4 KB. View HTML version |
| Name | FRC response to Insolvency Service consultation |
| Publication date | 21 March 2014 |
| Type | Response to external consultations |
| Format | PDF, 1.3 MB. View HTML version |
| Name | FRC response to International Actuarial Association on Exposure Draft of ISAP 3 |
| Publication date | 11 March 2014 |
| Type | Response to external consultations |
| Format | PDF, 269.8 KB. View HTML version |
| Name | FRC response to International Actuarial Association on Statement of Intent of ISAP 4 |
| Publication date | 11 March 2014 |
| Type | Response to external consultations |
| Format | PDF, 187.3 KB. View HTML version |
| Name | FRC response to Actuarial Association of Europe - Exposure Draft GCASP 1 – General Actuarial Practic |
| Publication date | 11 March 2014 |
| Type | Response to external consultations |
| Format | PDF, 47.8 KB. View HTML version |
| Name | FRC responds to IASB Annual Improvements 2012-14 |
| Publication date | 20 February 2014 |
| Type | Response to external consultations |
| Format | PDF, 209.5 KB. View HTML version |
| Name | FRC responds to IASB Annual Improvements 2012-14 |
| Publication date | 20 February 2014 |
| Type | Response to external consultations |
| Format | PDF, 209.5 KB. View HTML version |
| Name | FRC Response to the Law Commission's consultation paper 'Fiduciary Duties of Investment Intermediaries |
| Publication date | 17 January 2014 |
| Type | Response to external consultations |
| Format | PDF, 445.4 KB. View HTML version |
| Name | FRC response to IASB's A Review of the Conceptual Framework for Financial Reporting |
| Publication date | 13 January 2014 |
| Type | Response to external consultations |
| Format | PDF, 417.2 KB. View HTML version |
| Name | FRC Letter to Competition Commission re: Statutory Audit Services Market Investigation - remedies addressed to FRC |
| Publication date | 9 January 2014 |
| Type | Response to external consultations |
| Format | PDF, 1.9 MB. View HTML version |
2013
2012
| Name | FRC responds to IASB Hedge Accounting |
|---|---|
| Publication date | 20 December 2012 |
| Type | Response to external consultations |
| Format | PDF, 52.0 KB. View HTML version |
| Name | FRC Response to IAASB Post-Implementation Review of the Clarified International Standards on Auditing |
| Publication date | 7 December 2012 |
| Type | Response to external consultations |
| Format | PDF, 536.6 KB. View HTML version |