The Financial Reporting Council has published the October edition of its quarterly progress and planning report. The report indicates that the FRC has no major projects or activities concerning corporate governance planned for the next quarter. The FRC will, however, soon publish updated guidance for audit committees on corporate reporting risks for 2008 year ends. A revised version of the Smith Guidance on Audit Committees is also expected within the next quarter. The FRC's second progress report on choice in the UK audit market is due to be published later this month.
Friday, 10 October 2008
UK: FRC publishes quarterly progress and planning report
The Financial Reporting Council has published the October edition of its quarterly progress and planning report. The report indicates that the FRC has no major projects or activities concerning corporate governance planned for the next quarter. The FRC will, however, soon publish updated guidance for audit committees on corporate reporting risks for 2008 year ends. A revised version of the Smith Guidance on Audit Committees is also expected within the next quarter. The FRC's second progress report on choice in the UK audit market is due to be published later this month.
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