FRC opens applications for its Stakeholder Insight Group
24 Jan, 2022
The Financial Reporting Council (FRC) is opening applications for its Stakeholder Insight Group (SIG), a new cross-stakeholder panel that will represent preparers, investors, audit committee chairs and other key stakeholders, including reporting framework owners and civil society groups.
The FRC is seeking to appoint 20 members to the SIG, 10 to serve a nine-month term and 10 to serve an 18-month term. Membership terms will commence on 1 April 2022 and SIG meetings will be held quarterly. These meetings will be an opportunity for members to:
- share insights on key opportunities and potential areas of focus for the FRC;
- share perspectives on key areas of concern and emerging risks relating to accounting, reporting, auditing and governance issues;
- provide input on policy development, the UK Corporate Governance Code, the UK Stewardship Code and the FRC’s approach to ESG and Climate reporting;
- provide comments on regular enforcement and supervision activities such as Audit Quality Reviews and Enforcement Reviews; and
- consider and respond to requests for input and advice from the FRC relating to thematic reviews and other ad-hoc projects.
Both new participants and members of previous FRC advisory groups can apply to join the SIG. Applications are open until Friday 11 February.
Further information is available on the FRC website.
