The UK body responsible for investigating cases of alleged misconduct by members of the accounting and actuarial professions that raise public concern.
The Accounting Council is a body established to provide advice on accounting and financial reporting policies, aiding the Financial Reporting Council (FRC) in the development of Financial Reporting Standards.
The Auditing Practices Board (APB) was established to set high standards for auditing in the UK and the Republic of Ireland. It functioned from 1991 to 2012, after which it was replaced by the Audit and Assurance Council.
Basic principles and essential procedures with which auditors are required to comply in conducting any audit of financial statements.
The Board for Actuarial Standards (BAS) is an organization established in 2005, with the remit to set technical standards for the actuarial profession as part of the Financial Reporting Council.
The Dearing Report, officially titled 'The Making of Accounting Standards,' was a landmark document published in 1988 aimed at reforming the setting of accountancy standards in the UK.
A draft document issued for public comment and discussion before the final release of a financial reporting standard by a regulatory or standard-setting body like the Financial Reporting Council.
The Financial Reporting Council (FRC) is a UK body set up in 1990 to promote high-quality corporate governance and financial reporting.
The Financial Reporting Council (FRC) is a regulatory body established to oversee the accounting, auditing, and actuarial professions, ensuring high standards in financial reporting and corporate governance.
Financial Reporting Exposure Draft (FRED) is a document issued by the Financial Reporting Council (FRC) for discussion and debate prior to the issuance of a Financial Reporting Standard (FRS).
The Financial Reporting Review Panel (FRRP) is an operating body of the UK Financial Reporting Council, tasked with investigating departures from the accounting requirements of the Companies Acts and empowered to take legal action to rectify such departures. It focuses on the financial reports of public companies and large private companies.
A comprehensive overview of the Financial Reporting Standard (FRS), a set of standards developed by the Accounting Standards Board and Financial Reporting Council to guide financial reporting practices in the UK and Republic of Ireland.
The Joint Disciplinary Scheme (JDS) was a former regulatory body responsible for investigating accountancy-related misconduct by members of certain UK professional bodies. It has now been succeeded by other bodies such as the Financial Reporting Council (FRC) and the Accountancy and Actuarial Discipline Board (AADB).
The Professional Oversight Board (POB) is a UK regulatory body responsible for overseeing the regulation of auditors, accountants, actuaries, and providing independent oversight for the accounting, auditing, and actuarial professions.
The Professional Oversight Board (POB) is an operating body of the Financial Reporting Council (FRC) responsible for providing independent oversight of the auditing and accounting professions, aiming to uphold public confidence in the governance of listed and other companies.
An inquiry set up by the Financial Reporting Council (FRC) in 2011 to examine the reporting of liquidity risk and other factors that may threaten the viability of an entity as a going concern, triggered by the financial crisis of 2007-08.
A non-mandatory statement dealing with accounting topics relevant to a particular industry or sector in the UK, issued by recognized bodies within those industries and approved by the Financial Reporting Council (FRC).
A foundational report providing directors of UK listed companies with guidance on risk management, internal controls, and their obligations under the Corporate Governance Code.
The Urgent Issues Task Force (UITF) was established in 1991 as part of the Accounting Standards Board. It was responsible for tackling urgent matters not covered by existing standards, especially where the customary standard-setting process could not be applied due to time constraints. The UITF was disbanded in 2012 as part of the reform of the Financial Reporting Council.
Window dressing refers to any practice aiming to make a financial situation appear more favorable than it really is, often used by accountants to enhance the look of balance sheets.
