2023/26 Strategy and Plan & Budget consultation
Published: 15 December 2022
Response deadline: 27 January 2023
| Title | 2023/26 Strategy and Plan & Budget consultation |
|---|---|
| Format | pdf, 9.1 MB |
The Financial Reporting Council (FRC) has announced its 2023-2026 draft 3-Year Plan which sets out its priorities for the next three years and the resources it will need to achieve them.
The plan incorporates a balanced yet assertive approach and reflects the delay of anticipated legislation to create the Audit, Reporting and Governance Authority (ARGA), which has had an impact on the associated increase in capacity, cost and headcount previously expected to occur in 2023.
Overall, the budgeted cost of the FRC and the UK Endorsement Board will increase to £67.9m, up from £59.8m last year, with a 9.7% increase in budgeted headcount by March 2024.
The 2023/26 Strategy and Plan & Budget consultation will run until 27 January 2023. Respondents should submit their comments to [email protected] by close of business on that date.
The plan incorporates a balanced yet assertive approach and reflects the delay of anticipated legislation to create the Audit, Reporting and Governance Authority (ARGA), which has had an impact on the associated increase in capacity, cost and headcount previously expected to occur in 2023.
Overall, the budgeted cost of the FRC and the UK Endorsement Board will increase to £67.9m, up from £59.8m last year, with a 9.7% increase in budgeted headcount by March 2024.
The 2023/26 Strategy and Plan & Budget consultation will run until 27 January 2023. Respondents should submit their comments to [email protected] by close of business on that date.