英国会計基準設定団体
Financial Reporting Council (FRC) in UK
英国財務報告評議会について
英国財務報告評議会(FRC:Financial
Reporting Council)は、2013年3月に新しい財務報告基準を公表した。これにより、現行の英国会計基準は廃止され、英国の会社法決算は、IFRS(国際財務報告基準)を基礎とした新制度に移行。
日本語解説は新しい英国財務報告基準の概要 をクリックして下さい。
Financial Reporting Council in UK
英国財務報告評議会
https://www.frc.org.uk/Home.aspx
The FRC sets the standards framework within which auditors, actuaries
and accountants operate in the UK. It also sponsors the UK Corporate
Governance Code (for companies) and the Stewardship Code (for
investors). The FRC monitors the implementation of these standards and
promotes best practice by companies and professionals by issuing
guidance and publishing thought leadership papers.
One role of the FRC is to issue accounting standards. It is recognised
for that purpose under the Companies Act 1985. The FRC took over the
role in July 2012 following its reorganistion from the ASB.
The
Financial Reporting Council assumed responsibility for accounting
standards on 2 July 2012.
Accounting standards were formerly developed by the
Accounting Standards Board
are contained in 'Financial Reporting Standards' (FRSs). Soon after it
started its activities, the ASB adopted the standards issued by the ASC,
so that they also fall within the legal definition of accounting
standards. These are designated 'Statements
of Standard Accounting Practice' (SSAPs).
Whilst some of the SSAPs have been superseded by FRSs, some remain in
force.
Accounting standards apply to all companies, and other entities that
prepare accounts that are intended to provide a true and fair view. The
Foreword to Accounting Standards explains the authority, scope and
application of accounting standards.
The FRC collaborates with accounting standard-setters from other
countries and the
International Accounting Standards Board (IASB) in
order to influence the development of international standards and to
ensure that its standards are developed with due regard to international
developments.
One role of the FRC is to issue accounting standards. It is recognised
for that purpose under the Companies Act 1985.
The FRC works closely with the
European Financial Reporting Advisory Group (EFRAG)
which advises the European Commission on IFRS in Europe. More detail on
the work of EFRAG can be found on the
EFRAG website.
The FRC also works with other bodies as appropriate, including with the
International Forum of Accounting Standard Setters (IFASS), previously
the National Standard Setters (NSS), which is an informal group of
organisations that are committed to working, in the public interest, for
the improvement of financial reporting. |