The Financial Reporting Council (FRC) is to be scrapped and replaced by a new regulator for accountancy firms, the UK government has announced. The Audit, Reporting and Governance Authority will ...

FRC chief executive, welcomed the move saying it would ‘modernise its powers and strengthen the transparency and integrity of the UK’s corporate governance, financial reporting and audit’.

The draft Audit ... The FRC said at the time that the delay was “disappointing”, while also announcing it would significantly row back on earlier aims to overhaul the UK corporate governance ...