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FRC believes the IFRS Foundation should remain in the UK

  • FRC (United Kingdom Financial Reporting Council) Image

10 Jan 2017

As reported, the IFRS Foundation is seeking a new office location and had not excluded the possibility of moving overseas.

The UK Financial Reporting Council (FRC) has now responded to the Foundation’s call for tenders on relocation services and states that the UK is the most powerful centre of accounting expertise outside the US that offers the IFRS Foundation unique access to IFRS knowledge and experience. Therefore, the FRC concludes:

A move overseas for the IFRS Foundation would be counter-productive. It is logical for the Foundation to remain in the UK.

Please click to access the press release on the FRC website.

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