The Financial Reporting Committee (FRC) is responsible for the development of ICAEW policy on corporate reporting issues and ensures that ICAEW works in the public interest to influence national and international legislators, regulators and standard setters.

The Committee is chaired by Jake Green, Partner, KPMG, and comprises a broad balance of preparers and users of financial statements, including members in practice, industry, public sector, academia and SMEs.

How corporate reporting policy is developed

The Financial Reporting Committee (FRC) is responsible for the development of ICAEW policy on corporate reporting issues and ensures that ICAEW works in the public interest to influence national and international legislators, regulators and standard setters.

The Committee comprises a broad balance of preparers and users of financial statements, including members in practice, industry, the public sector, and academia and SMEs. It comments on discussion papers, exposure drafts and other consultation documents issued by national and international legislators, regulators and standard setters. Where appropriate a response to these papers is first formulated by a working party comprising members of the Committee and others with relevant experience before being considered and approved by FRC.

Volunteers for working parties and member views on proposals are always welcome. Please email frfac@icaew.com with your suggestions

The FRC may also carry out proactive projects on emerging corporate reporting issues and is consulted on the Faculty’s thought leadership programmes. 

We are always interested to hear member views on emerging corporate reporting issues. If you wish to comment on the agenda or any of the open consultations that FRC is discussing, please email frfac@icaew.com