The Financial Reporting Council (FRC)'s mission is to serve the public interest by setting high standards of corporate governance, reporting and audit and holding to account those responsible for delivering them. We are the UK Competent Authority for audit. We also set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work, and monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about our role can be found at www.frc.org.uk.
Corporate Reporting Review (CRR) is part of the Supervision division of the FRC. The team monitors financial information provided by companies for compliance with relevant accounting requirements and enquires into apparent departures through correspondence and face-to-face meetings with company Chairs, directors and senior officers. In addition, CRR regularly publishes thematic reviews of accounting 'hot topics'. These reports are widely used by preparers and auditors as a source of best practice, and recent topics have included revenue recognition, lease accounting and climate change reporting. Climate change reporting is an increasing area of focus for the CRR team due to new reporting requirements for many UK companies.
Rewards and benefits
- The FRC offers competitive remuneration packages, including 30 days annual leave plus ability to buy extra leave.
- Generous employer pension contribution of 10%.
- Staff Employee Assistance Programme including confidential counselling and work life services.
- The FRC offers staff the opportunity to save at least 25% on the purchase of a new bike through the Cycle to work scheme.
- The FRC has a strong work/life balance ethos.
The FRC believes that equality of opportunity and diversity is important in the work that we do and we are strongly committed to being an inclusive employer. Our values of being fair and independent supports this commitment. We're a signatory to the Government's Disability Confident scheme, which means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
Equal opportunities monitoring is an important means of demonstrating and implementing our commitment to promoting equality of opportunity and diversity. Completing our diversity form will assist the FRC to identify any barriers that prevent access to employment and career development for certain groups of people, and to develop solutions, such as action plans, new policies and practices.
Working under the supervision of CRR staff, the role of Associate Case Officers includes:
- Performing second level technical and analytical reviews of companies' annual reports and accounts based on the initial review performed by a Case Reviewer
- In consultation with senior CRR colleagues, deciding whether there are substantive points of possible material non-compliance with relevant reporting requirements to raise with the company and recommending appropriate action
- Preparing initial and subsequent formal correspondence to companies
- Supporting thematic review work
- Conducting ad-hoc project and research work
- Candidates must be fully qualified members of ICAEW, ACCA, ICAS or CAI (or equivalents) and have:
- Post qualification experience of applying IFRS in a major accounting firm or within industry
- Good knowledge of many areas of corporate reporting requirements and best practice.
- Good understanding of commerce and business.
- Some understanding of the regulatory environment and regulatory framework within which the FRC operates
The ideal candidates will have:
- Keen interest in further developing their technical competency
- Strong oral and written communication skills
- Good research and analytic skills
- Ability to manage, and prioritise, a portfolio of cases concurrently
Although not a requirement for the role, we would be especially interested to hear from candidates who have experience of:
- Preparing or reviewing UK companies' climate change disclosures
- Relevant climate reporting standards and frameworks e.g. TCFD, SASB, SECR
- An understanding of emerging best practice in UK companies' climate change and emissions reporting