Financial Reporting Council welcomes the 2020 Annual Report of the Process Review Panel

10 May, 2021

The Financial Reporting Council (“FRC”) welcomes the conclusion from the Process Review Panel (“PRP”) in their 2020 Annual Report (the Report) that the FRC had handled its cases in accordance with its internal procedures. Dr Kelvin Wong, Chairman of the FRC remarked, “We are pleased to note that our robust efforts in ensuring strict compliance with internal procedures in the discharge of our regulatory duties have been confirmed by the PRP. As an accountable public organisation, the FRC is resolute in upholding the quality of financial reporting and serving public interest by consistently following internal procedures when making regulatory decisions and taking appropriate actions. On behalf of the FRC, I would like to express our sincere gratitude to the PRP for conducting the review and providing valuable recommendations.” For details, please click here.

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