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About the FRC Reports, Plans and Budgets

Reports, Plans and Budgets

Annual Reports 

Read this year's Annual Report and Accounts (2016 / 2017) (PDF)

Annual Report 2016/17 video of the report's key points (YouTube)

Plan and Budget

Read or download the FRC Plan and Budget and Levies for 2017 / 2018 (PDF)

(FRC Draft Plan and Budget and Levy Proposals 2017 / 2018) (PDF)
 

Report to the Secretary of State

The FRC is required to report annually to the Secretary of State for Department for Business, Energy & Industrial Strategy (formerly Business, Innovation and Skills) on how it has discharged its statutory responsibilities in respect of:
  • Statutory oversight of the regulation of statutory auditors by recognised professional bodies;
  • Direct inspection, by the Audit Quality Review team, of the quality of statutory audits of public interest entities;
  • Non statutory independent oversight of the regulation of actuaries by their professional body;
  • As the Independent Supervisor of Auditors General, for the purposes of the Companies Act 2006; and
  • Non statutory independent oversight over the regulation of accountants by the six chartered accountancy bodies.
Reports from 2013 onwards are incorporated into the FRC Annual Report and Accounts.
Responses to Draft Plan and Budget and Levy Proposals 2017/18
Previous Plans

2016/17

 
Plan & Budget and Levies 2016/17 (PDF)
Summary: Our Priorities for 2016/17 (PDF)  

Draft Plan & Budget and Levy Proposals 2016/17 (PDF)
Please note: The table on page 21 has been corrected.
 

Responses to FRC Draft Plan & Budget and Levy Proposals 2016/17:

 
ACCA (PDF)
Association of Accounting Technicians (PDF)
Association of Investment Companies (PDF)
BDO LLP (PDF)
BNY Mellon (PDF)
CCAB (PDF)
Chartered Accountants Ireland  (PDF)
CIMA  (PDF)
CIPFA  (PDF)
Deloitte LLP  (PDF)
Ernst & Young LLP (PDF)
Grant Thornton UK LLP  (PDF)
ICAEW  (PDF)
Institute and Faculty of Actuaries  (PDF)
Invesco Asset Management Limited  (PDF)
Kingston Smith LLP  (PDF)
KPMG LLP  (PDF)
Pension and Lifetime Savings Association  (PDF)
PWC LLP  (PDF)
Quoted Companies Alliance  (PDF)
ShareAction (PDF)
UK Shareholders' Association  (PDF)
University of Warwick  (PDF)

2015/16


Plan & Budget and Levies 2015/16  (PDF)

2014/15

 

Plan & Budget and Levies 2014/15 (PDF)

Draft Plan & Budget and Levy Proposals 2014/15  (PDF)

2013/14

 

FRC Plan and Budget 2013/16 (PDF)
Draft Plan and Budget 2013/14  (PDF)

2012/13

 

Plan and Budget 2012/13 (PDF)
Draft Plan and Budget 2012/13  (PDF)

2011/12

 

Plan & Budget 2011/12 (PDF)
Draft Plan & Budget and Levy Proposals  (PDF)

2010/11

 

Full work programme 2010/11 (PDF)

Hampton Implementation Review - FRC response (January 2011) (PDF)
Draft Plan and Levy Proposals 2010/11 (PDF)
Ipsos MORI Stakeholder Survey Results 2010  (PDF)

2009/10

 

Plan 2009/10 (PDF)
Plan 2009/10, including supporting information (PDF)
Plan 2009/10: Feedback Statement  (PDF)

2008/09

 

FRC Plan and Budget 2008/09  (PDF)

2007/08

 

FRC Plan for 2007/08  (PDF)

2006/07

 

FRC Plan and Budget 06/07  (PDF)

2005/06

 

FRC Plan and Budget 05/06 (PDF)