About the FRC Reports, Plans and Budgets

Reports, Plans and Budgets

The Financial Reporting Council Annual Report, Accounts and Divisional Reports

Annual Reports 

FRC Annual Report and Accounts 2020/21 (PDF)

 

Divisional Reports

Read this years Annual Enforcement Review here (PDF)
                   

Plan and Budget

Read or download the FRC Strategy 2021/22 (PDF)

Read or download the Feedback Statement on FRC Draft Strategy 2021/22 (PDF)

Read or download the FRC Plan and Budget & Levies 2020-21 (PDF)

Report to the Secretary of State

The FRC is required to report annually to the Secretary of State for Department for Business, Energy & Industrial Strategy (formerly Business, Innovation and Skills) on how it has discharged its statutory responsibilities in respect of:

  • Statutory oversight of the regulation of statutory auditors by recognised professional bodies;

  • Direct inspection, by the Audit Quality Review team, of the quality of statutory audits of public interest entities;

  • Non statutory independent oversight of the regulation of actuaries by their professional body;

  • As the Independent Supervisor of Auditors General, for the purposes of the Companies Act 2006; and

  • Non statutory independent oversight over the regulation of accountants by the six chartered accountancy bodies.

Reports from 2013 onwards are incorporated into the Previous Annual Report and Accounts below.

2019/20

2018/19

2017/18

2016/17 

Please note: The table on page 21 has been corrected.

Responses to FRC Draft Plan & Budget and Levy Proposals 2016/17:

2015/16

2014/15

2013/14

2012/13

2011/12

2010/11

2009/10

2008/09

2007/08

2006/07

2005/06