The Accountancy and Actuarial Discipline Board (AADB) is the UK body responsible for investigating cases of alleged misconduct by members of the accounting and actuarial professions that raise issues of public concern.
An in-depth look at the Accounting Standards Board (ASB), its history, functions, key developments, and its eventual transition into the Financial Reporting Council.
An advisory body established in 2012 to provide guidance to the Financial Reporting Council on audit and assurance matters, including the issuance of codes and standards.
An in-depth look at the Audit Quality Review (AQR) by the Financial Reporting Council (FRC), its historical context, importance, processes, and its impact on the auditing profession.
The Financial Reporting Council (FRC) is the United Kingdom's regulatory authority responsible for overseeing accounting standards, corporate governance, auditing, and actuarial professions.
The Professional Oversight Board (POB) is an operating body of the Financial Reporting Council (FRC) tasked with providing independent oversight of the auditing and accounting professions. The POB aims to uphold public confidence in corporate governance.
An inquiry established by the Financial Reporting Council in 2011 to address concerns about liquidity risk and the viability of entities as going concerns, particularly in light of the financial crisis of 2007-08.
In the UK, a Statement of Recommended Practice (SORP) is a non-mandatory document providing guidelines on accounting topics relevant to specific industries or sectors. These statements, issued by recognized industry bodies and approved by the Financial Reporting Council, help standardize accounting practices and ensure compliance with higher-level regulations.
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