The Financial Reporting Review Panel (FRRP) has published its annual report based on reviews of UK company accounts in the year to 31 March 2010.
The FRRP regularly reviews the accounts of listed and large private companies and each year focuses on its review activities on certain priority industry sectors. During 2009/10 these were banking, retail, travel, leisure, commercial and residential property (see corporate bulletin issue number 2009/33 for the FRRP's priority sectors for 2010/11). For the first time the FRRP sent a copy of the report directly to the chairs of audit committees of larger listed companies.
The FRRP 2010 annual report is available on the FRC website.