FRC News & Analysis

FRC Opens Applications for UK GAAP Advisory Group Members

The Financial Reporting Council (FRC) has announced the opening of applications for new members to join its UK GAAP Technical Advisory Group. This group will include up to 15 financial reporting specialists advising on accounting standards in the UK and Republic of Ireland. Candidates from both for-profit and not-for-profit backgrounds are encouraged to apply until June 30, 2026. The FRC is particularly focused on diverse representation and emphasizes applicants with preparer experience. Recently, the FRC has faced increased scrutiny following allegations of fraud related to the collapse of Market Financial Solutions, which reportedly involved over £2bn ($2.6bn) in losses.