Reports, Plans and Budgets
Annual Reports
Read this year's Annual Report and Accounts (2016 / 2017) (PDF)
Annual Report 2016/17 video of the report's key points (YouTube)
Plan and Budget
Read or download the FRC Plan and Budget and Levies for 2017 / 2018 (PDF)
(FRC
Draft Plan and Budget and Levy Proposals 2017 / 2018)
(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
FRC Annual Report and Accounts.