Correspondence
Financial Reporting Council (FRC) remit: letter from Business Secretary, November 2023
Letter from the Secretary of State for Business and Trade to the CEO of the Financial Reporting Council (FRC) providing an update on the FRC’s remit.
This was published under the 2022 to 2024 Sunak Conservative government
Documents
PDF, 143 KB, 3 pages
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Details
This remit letter updates the letter issued in 2019. It emphasises the role of the FRC in promoting the competitiveness and growth of the UK economy, and embedding its growth duty across its work, whilst fulfilling its core purpose of enhancing public trust and confidence in corporate governance.
The FRC regulates auditors, accountants and actuaries, and sets the UK’s Corporate Governance and Stewardship Codes. It promotes transparency and integrity in business. Its work is aimed at investors and others who rely on company reports, audit and high-quality risk management.
Updates to this page
Published 22 November 2023