UK: FRC quarterly progress report published

The Financial Reporting Council has published the latest edition of its quarterly strategic planning and progress report: see here (pdf). The report notes, inter alia, that over the next few months:

• a progress report on the FRC's review of the Combined Code will be published towards the end of July (responses have already been published here).
• the FRC consultation on the draft updated guidance on going concern will close and the FRC will indicate whether the finalised guidance can be reasonably implemented in time for 31 December 2009 year ends.
• The Accountancy and Actuarial Discinpline Board will, subject to concluding discussions with scheme participants, publish the outcome of its review of the Accountancy Scheme and a full draft of the revised Scheme. 
  

UK: FRC publishes latest progress and planning report

The Financial Reporting Council has published its latest quarterly strategic progress and planning report. The report summarises developments in the first three months of 2009. It also outlines anticipated developments for the next three months including: 

• a consultation paper will be published on the complexity of financial statements

• the Auditing Practices Board will publish an exposure draft of the clarity versions of International Standards on Auditing (UK and Ireland) (about which see here). 

• the Accountancy and Actuarial Discipline Board will publish the outcome of its Accountancy Scheme Review and consultation. Details will also be published of its final proposals and a full draft of the revised Accountancy Scheme.

UK: FRC quarterly progress and planning report

The Financial Reporting Council has published the January 2009 edition of its quarterly progress and planning report. The report highlights FRC activities in the past quarter and indicates that the FRC has no major projects or activities concerning corporate governance planned for the next quarter. Activities are, however, planned with regard to corporate reporting, auditing and actuarial practice. The FRC also states that it will soon publish the outcome of its Accountancy Scheme Review and consultation including final proposals and a full draft of the revised Accountancy Scheme.