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Definition of

Financial Reporting Review Panel


UK group for examining questionable accounting practices in the United Kingdom, a review panel established to examine contentious departures from accounting standards by large companies. It is a subsidiary body of the Financial Reporting Council.

Financial Reporting Review Panel - Related Articles
  • Richard Wilson


    ’s energy and utilities practice from 1998 to 2003. He became a member of the Institute of Chartered Accountants in England and Wales (ICAEW) audit and assurance faculty in 2008 and a member of the Financial Reporting Council (FRC) financial reporting review panel in 2011.

  • Effective Financial Reporting and Auditing: Importance and Limitations

    Best Practice

    The major problem with financial reporting is that people with limited financial knowledge can look at a set of accounts and, by attempting to interpret the numbers, feel that they understand what is happening in an organization
    By Andrew Higson

  • Has Financial Reporting Impacted on Internal Auditing Negatively?

    Best Practice

    subsidiaries, and operating units of US quoted companies and companies registered elsewhere with secondary listings in the US. Draconian criminal sanctions contained within the Act mean that the criminalization of breaches of corporate governance has arrived in a serious way, and executives across the world are mindful of the global reach of the US Department of Justice. Section 906 on “Corporate Responsibility for Financial Reports
    By Andrew Chambers

  • Accounting for Business Combinations in Accordance with International Financial Reporting Standards (IFRS) Requirements

    Best Practice

    A further consequence of the introduction of IFRS 3 is that intangible assets must be recognized separately from purchased goodwill instead of being subsumed within purchased goodwill. Purchased goodwill itself is not amortized, but must be reviewed for impairment annually. The performance
    By Shân Kennedy


Definitions of ’Financial Reporting Review Panel’ and meaning of ’Financial Reporting Review Panel’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Financial Reporting Review Panel’ and other financial terms with our online QFINANCE Financial Dictionary.

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