Correspondence

Financial Reporting Council (FRC) remit: letter from Business Secretary, November 2023

Letter from the Secretary of State for Business and Trade to the CEO of the Financial Reporting Council (FRC) providing an update on the FRC’s remit.

From:
Department for Business and Trade, Financial Reporting Council, and The Rt Hon Kemi Badenoch MP
Published
22 November 2023

Documents

Letter from Secretary of State Kemi Badenoch to Richard Moriarty, CEO Financial Reporting Council, 22 November 2023

PDF, 143 KB, 3 pages

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Letter from Richard Moriarty, CEO, Financial Reporting Council to Secretary of State Kemi Badenoch, 22 November 2023

PDF, 286 KB, 2 pages

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Details

This remit letter updates the letter issued in 2019. It emphasises the role of the FRC in promoting the competitiveness and growth of the UK economy, and embedding its growth duty across its work, whilst fulfilling its core purpose of enhancing public trust and confidence in corporate governance.

The FRC regulates auditors, accountants and actuaries, and sets the UK’s Corporate Governance and Stewardship Codes. It promotes transparency and integrity in business. Its work is aimed at investors and others who rely on company reports, audit and high-quality risk management.

Published 22 November 2023