EY comments on the consultation, announced today about the future role of the Financial Reporting Council (FRC)

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Hywel Ball, UK & Ireland head of assurance at EY comments:

"The FRC plays a pivotal role in the conduct of healthy UK capital markets and as an influencer of international standards. It is only right and proper that it should look at its organisational structure and powers periodically to ensure that it remains fit for purpose. We will respond to the consultation from that perspective in due course."