Define: Accounting Council

UK Accounting Glossary

Definition: Accounting Council


Quick Summary of Accounting Council


A body established in 2012 to take over certain functions of the former Accounting Standards Board. The main role of the council is to advise its parent body, the Financial Reporting Council (FRD), on matters of accounting and financial reporting policy. The responsibility for issuing Financial Reporting Standards now belongs to the FRC, although the




What is the dictionary definition of Accounting Council?

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Full Definition of Accounting Council


A body established in 2012 to take over certain functions of the former Accounting Standards Board.

The main role of the council is to advise its parent body, the Financial Reporting Council (FRD), on matters of accounting and financial reporting policy.

The responsibility for issuing Financial Reporting Standards now belongs to the FRC, although the Accounting Council typically has a hand in their development.


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Accounting Council. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 22, 2019 https://payrollheaven.com/define/accounting-council/.
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Accounting Council. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/accounting-council/ (accessed: November 22, 2019).
American Psychological Association (APA):
Accounting Council. PayrollHeaven.com. Retrieved November 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/accounting-council/

Definition Sources


Definitions for Accounting Council are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 25th August 2019.