FRC Guidance for Boards and Board Committees
The FRC issues guidance and other publications to assist boards and board committees in considering how to apply the UK Corporate Governance Code to their particular circumstances. These publications cover:
In July 2018 the FRC published a fully revised Guidance on Board Effectiveness (PDF) to support the 2018 UK Corporate Governance Code. This replaces the 2011 version (PDF).
The Guidance is intended to stimulate thinking on how boards can carry out their role most effectively and is designed to help boards with their actions and decisions when reporting on the application of the Code’s Principles.
The FRC Guidance on Audit Committees (PDF) was first published in 2003 and most recently updated in April 2016. It is intended to assist company boards when implementing Section C.3 of the UK Corporate Governance Code dealing with audit committees, and to assist directors serving on audit committees in carrying out their role.
To assist audit committees looking to put their external audit out to tender the FRC has provided a Best Practice guide to Audit Tendering (PDF).
Risk Management, Internal Control and Related Financial and Business Reporting
This guidance - Risk Management, Internal Control and Related Financial and Business Reporting (PDF) - revises, integrates and replaces the previous editions of the FRC's Internal Control: Guidance to Directors (formerly known as the Turnbull Guidance) and the Going Concern and Liquidity Risk: Guidance for Directors of UK Companies and reflects changes made to the UK Corporate Governance Code in 2014.