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Written question asked by Baroness Bowles of Berkhamsted (Liberal Democrat) on Tuesday, 20 February 2018, in the House of Lords. It was due for an answer on Tuesday, 6 March 2018. It was answered by Lord Henley (Conservative) on Monday, 5 March 2018 on behalf of the Department for Business, Energy and Industrial Strategy.

Financial Reporting Review Panel

Question

To ask Her Majesty's Government, further to the Written Answers by Lord Henley on 1 February (HL4991 and HL4993), on what basis were members of the Financial Reporting Review Panel omitted from the Financial Reporting Council Register of Interests; which members of the Panel have previously served as Financial Reporting Council employees; which members of the Panel are serving or previous members of accounting firms and, for each such member, which firms they have worked for; which remaining Panel members have had any professional relationships with accounting firms; and, for each such member, (1) what the nature of the relationship was, (2) which accounting firm the relationship was with, and (3) when the relationship occurred.

Answer

The details of the members of the Financial Reporting Review Panel (FRRP), including biographies, can be found on the Financial Reporting Council’s (FRC) website and are attached.

The FRRP is not part of the FRC’s governance structure but rather a panel from which members are drawn to form Review Groups under the Conduct Committee’s Corporate Reporting Review Operating Procedures. Interests in relation to the specific entity whose accounts are being reviewed are checked before appointment to any Review Group.

Secondary information

Type
Written question
Reference
HL5592
Session
2017-19
Attachment
Financial Reporting Review Council
Related items
Financial Reporting Council
Thursday, 1 February 2018
Written questions
House of Lords
Financial Reporting Council
Thursday, 1 February 2018
Written questions
House of Lords
Subjects
Accountancy Business interests Registration Financial Reporting Council Financial Reporting Review Panel
Link
View this Written question on www.parliament.uk