FRC issues agenda for 2018/19 priorities meeting

The Financial Reporting Council (FRC) has set the date for the 2018/19 priorities meeting where it will set out its key objectives and work plan for the next 12 months

The meeting will be held on 6 February 2018 and stakeholders are invited to attend the meeting to discuss the FRC’s strategy and priorities for 2018/19.

The meeting will be held at 4pm at Salters Hall, 4 Fore Street, London EC2Y 5DE.

The FRC published its Strategy for businesses, investors and public trust on 19 December 2017, inviting comments by 28 February 2018.

In the document, the FRC set out plans to up its budget for 2018/19 by 3% but is not planning to increase preparers, insurance or pension levies in 2018/19, according to the draft proposals which are out for a two-month consultation period.

The overall funding requirement will increase by 1% in 2018/19, as a result of an additional funding requirement from the accountancy profession to cover extended work as competent authority for audit and for its new role in monitoring local public audit. The main increase in the budget is the projected costs of the proposed audit firm monitoring approach.

Draft agenda

15:30: Registration, coffees & teas

16:00: General overview of the FRC’s Strategy, Plan & Budget - Stephen Haddrill, CEO, FRC

16.20: The Future of Governance, Stewardship, Auditing, Reporting - Paul George, executive director corporate governance & reporting, FRC and Melanie McLaren, executive director audit & actuarial regulation, FRC

16:40: Panel discussion on future challenges and the need for reform

17:30: Closing remarks - Stephen Haddrill

Register here

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