Financial Reporting Council

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?


  • Max No. of Board/Committee Members


  • Annual Report Prepared and tabled?


  • Classification

    B. Secondary

  • Function Categorization

    Advisory Board

  • Creation Date

  • Postal Address

    Langton Crescent

Current board appointments

Position Appointee Start Date End Date
Chair Mr. Andrew Mills 30 March 2022 29 March 2025
Member Ms. Emma Herd 22 November 2022 21 November 2025
Member Ms. Suzanne Bell 29 April 2022 28 April 2025
Member Ms. Michele Embling 10 October 2019 30 April 2024
Member Mr. Cameron McDonald 4 April 2020 3 April 2023
Member Dr Keith Kendall 3 May 2020 2 May 2025
Member Mr. William (Bill) Edge 29 July 2022 30 June 2023
Member Ms. Tracey Carroll 16 April 2021 15 April 2024
Last updated: