Treasury
The Financial Reporting Council (FRC) is responsible for overseeing the effectiveness of the financial reporting framework in Australia. Its key functions include the oversight of the accounting and auditing standards setting processes for the public and private sectors, providing strategic advice in relation to the quality of audits conducted by Australian auditors, and advising the Minister on these and related matters to the extent that they affect the financial reporting framework in Australia. The FRC monitors the development of international accounting and auditing standards, works to further the development of a single set of accounting and auditing standards for world-wide use and promotes the adoption of these standards. It is a statutory body under Part 12 of the Australian Securities and Investments Commission Act 2001 (the ASIC Act).

Further information

  • Type of Body

    E. Statutory Office Holder Offices and Committees

  • Established By / Under

    Act / Regulation

  • Established By/Under More info

    Australian Securities and Investments Commission Act 2001

  • Paid Members?

    Yes

  • Max No. of Board/Committee Members

    19

  • Annual Report Prepared and tabled?

    No

  • Classification

    B. Secondary

  • Function Categorization

    Advisory Board

  • Creation Date

    1 January 2000

Current board appointments

Position Appointee Start Date End Date
Chair Mr. William (Bill) Edge 29 April 2016 28 July 2019
Member Dr. Roger Simnett 1 April 2017 31 March 2022
Member Dr. Stein Helgeby 29 April 2016 28 April 2019
Member Ms. Noelle Kelleher 29 April 2016 28 April 2019
Member Ms. Jackie Callaway 29 April 2016 28 April 2019
Member Ms. Judith Downes 29 April 2016 28 April 2019
Member Ms. Kris Peach 3 November 2014 2 November 2019
Member Mr. Graeme Mitchell 3 July 2014 28 February 2019
Member Mr. Kevin Lewis 4 April 2017 3 April 2020
Member Mr. David Nicol 24 March 2017 23 March 2020
Last updated: