FRRP

(redirected from Financial Reporting Review Panel)
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AcronymDefinition
FRRPFinancial Reporting Review Panel (UK FRC)
FRRPFonds de Revenu de Retraite Prescrit (French: Retirement Income Fund Prescribed; Canada)
FRRPFlorida Reef Resilience Program
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References in periodicals archive ?
Currently, she is a convenor of the HKSAR Government Financial Reporting Review Panel and a member of the Environment and Conservation Fund Investment Committee.
The Financial Reporting Review Panel (FRRP) was established in 1990 as part the Financial Reporting Council.
To promote confidence in, and enhance the quality of, corporate financial reporting, a financial reporting review panel was established as part of the overall structure of the FRC.
He is currently chairman of the Financial Reporting Review Panel and deputy chairman of council of Lloyd's.
Excessive and unnecessary changes to the penalties for directors who approve defective accounts, ranging from fines up to a seven-year jail sentence, are being proposed, even though no evidence has been given by the Financial Reporting Review Panel (FRRP) that problems with the existing system need to be addressed.
Trade Secretary Alan Johnson announced the probe into owners Phoenix Venture Holdings after an initial review of the accounts by the Financial Reporting Review Panel raised "a number of questions".
After all, the body's financial reporting review panel was handed the narrowest of parameters - to examine whether Phoenix Venture Holdings had met the reporting requirements of the Companies Act.
Currently UK accounts a rescrutinised by the Financial Reporting Review Panel, which can only act after complaints or media reports.
In 1992, these practices came under the more damaging scrutiny of the Financial Reporting Review Panel. Trafalgar House had reported a net profit of pounds 82 million for 1990/91 but, threatened with legal action by the FRRP, it issued restated accounts, showing a net loss of pounds 44.7 million, with further losses in 1991/92.
The Financial Reporting Review Panel has the power to determine non-compliance, but it is unclear exactly what penalties would be imposed.
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