Accounting and Reporting Policy
Our work supports the FRC’s objective of “promoting transparency and integrity in business” through the following activities:
UK Accounting Standards
Develop and maintain UK and Irish accounting standards by developing and issuing accounting standards and undertaking outreach with stakeholders.
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IFRS Influencing
Monitor and influence the IASB by responding to their consultations, undertaking outreach with stakeholders and liaison with EFRAG and other national standard setters.
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Wider Corporate Reporting
Improve the quality of annual reports by developing and maintaining Guidance on the Strategic Report, undertaking thought leadership initiatives such as Clear & Concise and undertaking outreach with stakeholders.
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XBRL FRC Taxonomies
Develop and maintain Taxonomies.
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Research Activities
Identify and assess opportunities for improving the quality of financial reporting by undertaking thought leadership projects, responding to consultations, influencing the IASB, undertaking outreach with stakeholders and liaison with academics.
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Financial Reporting Guidance
The 'true and fair' concept has been a part of English law and central to accounting and auditing practice in the UK for many decades.
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Accounting and reporting framework for the construction and business support services sectors.
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