The UK's Financial Reporting Council (FRC) is consulting on its conduct committee’s operating procedures for reviewing company reports and accounts.

The conduct committee is a committee of the FRC Board established under the Articles of Association. The committee has a statutory duty to carry out reviews of the company reports and accounts to ensure they are meeting financial and accounting rules - including Financial Conduct Authority rules - and to respond to complaints about them. The committee can also identify opportunities for, and encourage improvements to, the quality of companies’ future reporting.

Responses to the consultation are required by 4 January 2017 should be addressed to consultation@frc.org.uk.