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FRC publishes ‘Key Facts and Trends in the Accountancy Profession’

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13 Jun 2014

The Financial Reporting Council (FRC) has published the twelfth edition of its annual ‘Key Facts and Trends in the Accountancy Profession’ publication (“the publication”).

The publication provides key data on the accountancy profession, its member bodies and practising firms.  The publication illustrates the size and shape of the accountancy profession and shows how it has evolved over recent years.  It brings together information about the major audit firms and seven accountancy bodies including both those who offer audit qualifications and those who register and supervise audit firms.

The publication includes:

  • information related to membership, students, income, costs and staffing of the seven accountancy bodies;
  • information related to the supervision of statutory auditors; and
  • information on 32 of the largest registered audit firms which collectively audit the “vast majority” of UK listed companies and other public interest entities.  This information was provided voluntarily by such firms.

The FRC press release and full publication can be obtained from the FRC website.

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