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Accounting Firms

FRC sets out public interest principles

It has also committed to producing a yearly report explaining how its regulatory scope applies to each of its functions and highlighting where it has taken any decision to go beyond it

The Financial Reporting Council (FRC) has published a set of principles that it will use to assess whether the public interest is best served by carrying out regulatory, supervisory and enforcement work that is outside of its primary regulatory perimeter as it transitions to the Audit, Reporting and Governance Authority (ARGA).

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