ACCA - The global body for professional accountants
ACCA shares the FRC’s commitment to ensure that investors and all those who rely on the services of finance professionals have confidence in the figures and reports produced, and that complaints made are dealt with effectively by regulatory bodies
—Peter Large, executive director - governance, ACCA

ACCA (the Association of Chartered Certified Accountants) has welcomed the 2012/13 annual report of the Financial Reporting Council (FRC), congratulating the FRC’s Chairman Baroness Hogg on her nine years of service to professional regulation and corporate governance

ACCA endorses the Chairman’s view that the FRC has made good progress in developing and promoting high standards of corporate governance, and is pleased to see in the Chairman’s report the continued mission to ‘help capital markets … function well.’

ACCA also welcomes the constructive and transparent nature of FRC’s oversight of the audit qualification and supervisory bodies and reiterates its commitment to work to ensure ACCA’s regulatory processes continue to be of an appropriate standard.

Peter Large, executive director - governance for ACCA, said: 'ACCA shares the FRC’s commitment to ensure that investors and all those who rely on the services of finance professionals have confidence in the figures and reports produced, and that complaints made are dealt with effectively by regulatory bodies.'

Concluding, Peter Large said: 'We also congratulate Baroness Hogg on her nine years of service at the heart of FRC, most recently as FRC chairman, during which time good progress has been made in corporate reporting and corporate governance, all of which can only benefit businesses and investors. We look forward to working closely with the FRC in the coming months and years.'

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For more information, please contact

Helen Thompson, ACCA Newsroom
+44 (0)20 7059 5759
+44 (0)7725 498654
helen.thompson@accaglobal.com 

Notes to Editors

  1. ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. 
  2. We support our 162,000 members and 426,000 students in 173 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 89 offices and centres and more than 8,500 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence. 
  3. Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. Our values are aligned to the needs of employers in all sectors and we ensure that through our qualifications, we prepare accountants for business. We seek to open up the profession to people of all backgrounds and remove artificial barriers, innovating our qualifications and delivery to meet the diverse needs of trainee professionals and their employers.