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Accounting Standards

FRC expects 2021/22 overall costs to increase to £6.8m

The council recently published its draft 2021/22 Strategy, Plan and Budget which reflects its continued commitment to transform into the new Audit, Reporting and Governance Authority (ARGA)

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The Financial Reporting Council (FRC) expects its 2021/2022 overall costs to increase by £6.8m, almost half of which funds the organisation’s development and maturity, and half the establishment of the UK Endorsement Board (UKEB) following the UK’s exit from the EU.

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