Enforcement of accounting standards in UK

  • United Kingdom Image

06 Apr 2005

The United Kingdom Financial Reporting Review Panel (FRRP) has reached agreements with both the UK Financial Services Authority and Inland Revenue, and also has adopted new operating procedures, all aimed at enhancing the enforcement of financial reporting standards in the UK.

Those steps coincide with changes to the Companies Act to give the FRRP statutory power to require companies, directors, and auditors to provide documents, information, and explanations relevant to a question about whether accounts comply with reporting requirements. Link to the FRRP Press Release.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.