About the FRC Reports, Plans and Budgets

Reports, Plans and Budgets

The Financial Reporting Council Annual Report, Accounts and Divisional Reports

Annual Reports 

Read this year's FRC Annual Report and Financial Statements for the year ended 31 March 2020 (PDF)


Divisional Reports

Read this years Annual Enforcement Review here (PDF)
                   

Plan and Budget

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

Read or dowload 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