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FRC responds to the IFRS Foundation’s call for tenders on relocation services

10 Jan 2017


Stephen Haddrill, Chief Executive of the FRC, said: “The UK is the largest capital market to require the use of International Financial Reporting Standards (IFRS). It is the most powerful centre of accounting expertise outside the US.

“Based in the UK, the IFRS Foundation has secured unique access to knowledge and experience, which has helped to ensure its international standards have kept in time with market developments.
 
“A move overseas for the IFRS Foundation would be counter-productive. It is logical for the Foundation to remain in the UK.”
 


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The Financial Reporting Council Limited is a company limited by guarantee. Registered in England number 2486368. Registered Office: 8th Floor, 125 London Wall, London EC2Y 5AS