Standards, codes & policy

The FRC sets standards for accounting, auditing and actuarial standards for the UK. We also publish the UK Corporate Governance Code and UK Stewardship Code.

Accounting and Reporting

Our work supports the FRC’s objective of “promoting transparency and integrity in business” through the following activities.

Audit, Assurance and Ethics

The FRC develops and maintains auditing and assurance standards for engagements performed in the United Kingdom's public interest.


The FRC set technical actuarial standards, provide independent investigation and disciplinary hearings in public interest cases and oversee the IFoA’s regulation of the actuarial profession in the UK.

Corporate Governance

Corporate Governance is the system of rules, practices and processes that are put in place to manage and control a company. It is underpinned by the UK Corporate Governance Code.


The FRC sets the UK Stewardship Code.