On 28 June 2017, the Financial Reporting Council ("FRC") published a schedule of its functions and powers, which replaces the schedule in its 2014 publication.
These new powers set out the FRC's statutory powers in relation to audits as well as its role in supervising the accounting elements of corporate reporting and corporate governance.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
