The Financial Reporting Council has published, for consultation, a draft plan and budget for 2013/14: see here (pdf). An area on which the FRC proposes to concentrate is stewardship. In this regard, the FRC notes that "... concept of stewardship is not universally accepted ... it is notable that stewardship is not explicitly and prominently positioned in the International Financial Reporting Standards (IFRS) conceptual framework."
Wednesday, 23 January 2013
UK: stewardship prominent in FRC consultation on draft plan and budget
The Financial Reporting Council has published, for consultation, a draft plan and budget for 2013/14: see here (pdf). An area on which the FRC proposes to concentrate is stewardship. In this regard, the FRC notes that "... concept of stewardship is not universally accepted ... it is notable that stewardship is not explicitly and prominently positioned in the International Financial Reporting Standards (IFRS) conceptual framework."
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