FRC issues new regulation strategy

The Financial Reporting Council, the UK's unified, independent regulator for corporate reporting and governance, announced its intention to become more pro-active in its enforcement of accounting standards, in a strategy plan issued on Tuesday 21 December.

The FRC was given additional responsibilities in April 2004 following accounting scandals in the USA, and it announced that its strategy would help it "to promote confidence in corporate reporting and governance." The government has placed