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UK Financial Reporting Council confirms commitment to enforcement
As preparations continue for the overhaul of regulatory arrangements relating to corporate reporting in the UK, the Financial Reporting Council (FRC) continues to emphasise its high expectations of auditors and companies and its increasing readiness to take action where they are not met. At an event in London earlier this week, its Director of Corporate Governance, David Styles, confirmed that alongside its continuing work to encourage adoption of and adherence to the Corporate Governance Code and Stewardship Code, it is building its supervision and enforcement capacity.