FRC expands its UK GAAP advisory board to strengthen accounting standard settingExecutive summary: The Financial Reporting Council (FRC) has opened a call for new members to its UK GAAP advisory group. Strengthening the advisory group could shape future UK accounting standards and enhance stakeholder input into regulatory policy. The FRC is the primary actor, seeking new advisers; potential members include accounting professionals and industry stakeholders. The FRC will review applications and announce selected members, followed by the development of updated GAAP guidance.The FRC announced on 15 June 2026 that it is seeking new members for its UK GAAP advisory group. The initiative aims to broaden the pool of expertise that guides the United Kingdom's accounting framework. No specific timeline for selections was provided, but the advisory group is expected to influence future UK accounting standards.Connected developmentsFRC past regulatory probesFRC probes role of small auditors in collapse of MFSOpen the full case file on Beyond →
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