FRC

Financial Reporting Council (FRC)
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)
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).
Financial Reporting Review Panel (FRRP)
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.
Joint Disciplinary Scheme (JDS)
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).

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.