Financial Reporting Advisory Board annual report: 2022 to 2023
The twenty-sixth report of the Financial Reporting Advisory Board (FRAB) for the years 2022 to 2023.
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In 2000 the Government Resources and Accounts Act set out that the Treasury shall consult a group of appropriate people to advise on financial reporting and standards. This role is fulfilled by FRAB, and put the existence of the board on to a more formal footing. This report summarises the work of the board in the 2022 to 2023 financial year.