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FRC reports ‘significant progress’ on transformation

The Financial Reporting Council (FRC) has had a year of ‘significant progress’ in implementing its transformation into a new regulatory body, but has been hampered by the lack of legislation and recruitment challenges, according to its latest annual report and accounts.

FRC reports ‘significant progress’ on transformation
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Former FRC chairman Simon Dingemans, who resigned in May after only eight months in the role, said that over that period ‘the reform agenda in front of the FRC has become even more expansive and complex’.

Read more at Accountancy Daily.

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