The British accounting system

Name: The British accounting system
Brand: Quizplus
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Question

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The British accounting system has its rules created by a self-regulatory organization called the Financial Reporting Council (FRC). This organization is responsible for setting accounting standards for UK companies and enforcing them. The FRC works closely with other bodies, such as the Institute of Chartered Accountants in England and Wales (ICAEW), to ensure that the accounting standards are appropriate and up-to-date.

The British Accounting System