PETH - Green Light tests - Ethical requirements of the accounting profession Q5 (REF:839)

Adele69

I think there is a mistake here.

In my BPP book from 2015 there is the FRC, with three main Committees: Standards & Codes, Executive and Conduct; below this there are several Councils: Audit & Assurance, Accounting, Actuarial, Monitoring and Case Management Committees

In Question 5 it asks which are operating bodies within the FRC

• Accounting Standards Board (ASB)
  
• Professional Oversight Board (POB)
  
• Financial Services Authority (FSA)
  
• Financial Reporting Review Panel (FRRP)
  

This is one of the two questions I got wrong, as I could see what I thought was the old structure, as I browsed the Wikipedia page for FRC. When I mentioned this in class I was ridiculed for referring to Wikipedia for facts. I know it's not a reliable primary source, but either my book it wrong or the AAT site is wrong. I'm not sufficiently expert to know which.

CeeJaySix

https://frc.org.uk/FRC-Documents/FRC/Organisation-Chart.aspx

Though this is the old structure, it's been rearranged somewhat: https://frc.org.uk/About-the-FRC.aspx