Accounting watchdog consultation closes
The business department's consultation into the future of the Financial Reporting Council (FRC) closes for comments on Tuesday.
The coalition wants the FRC's regulatory focus to be narrowed, with monitoring and enforcement powers to concentrate on large private companies and publicly traded firms. There are also plans to give the FRC authority to punish poor quality auditing. Changes are expected to come into force this April.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies