The Audit and Assurance Council is a body established in 2012 to advise the Financial Reporting Council on matters related to audit and assurance, including the issuance of codes and standards. Unlike its predecessor, the Auditing Practices Board, the Council has a more limited and purely advisory role.
The Financial Conduct Authority (FCA) is a regulatory body established in April 2013, responsible for overseeing the conduct of financial services firms in the UK. It aims to ensure integrity, protect consumers, and promote competition within financial markets.
The Financial Reporting Review Panel (FRRP) monitors the accounting practices of public and large private companies in certain jurisdictions to ensure compliance with legal and regulatory financial reporting requirements.
The IFRS-AC is a council of diverse experts who advise the IASB on setting global accounting standards, ensuring these standards are relevant and practical for financial statement users and preparers.
A Recognized Supervisory Body (RSB) plays a pivotal role in maintaining the standards of the accounting profession by overseeing the conduct and quality of auditors and accounting professionals within a regulatory framework.
The SEC is a key regulatory body in the United States that enforces securities laws to protect investors and ensure fair and efficient markets.
State or federal laws, also known as government in the sunshine laws, require most meetings of regulatory bodies to be held in public and most of their decisions and records to be disclosed.
