ACCA's response to Independent Review of the Financial Reporting Council: call for evidence.
We welcome the Independent Review of the Financial Reporting Council (FRC) and its aim to improve the current regulatory structures and ensure that these are as effective as they need to be in the current circumstances and for the future and to establish the FRC as a beacon for best practice in governance, transparency and independence. It is vital that the UK economy has efficient and effective capital markets and there is confidence in the corporate framework through greater transparency.
Our response comprises a number of key points which we consider to be fundamental to the call for evidence and which we would like to discuss with the review team. We also include responses to the individual questions posed in the call for evidence.