Financial Reporting Advisory Board annual report: 2024 to 2025

The twenty-eighth report of the Financial Reporting Advisory Board (FRAB) for the years 2024 to 2025.

Financial Reporting Advisory Board Annual Report: 2024-25

Details

In 2000 the Government Resources and Accounts Act set out that the Treasury shall consult a group of appropriate people to advise on financial reporting and standards. This role is fulfilled by FRAB, and put the existence of the board on to a more formal footing. This report summarises the work of the board in the 2024 to 2025 financial year.