Written Question·Department for Business and Trade·UIN 107455

Financial Reporting Council: Staff

Tabled: 21 January 2026

Answered: 26 January 2026

Question

Neil O'Brien

Conservative — Harborough, Oadby and Wigston

To ask the Secretary of State for Business and Trade, for what reason (a) the number of staff and (b) staff costs have increased at the Financial Reporting Council since April 2017.

Answer

Blair McDougall

The Financial Reporting Council (FRC) has taken on several new responsibilities following its (2016) designation as competent authority for audit, and additional work resulting from the UK's exit from the European Union. These include the registration of ...

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