I added the emphasis, and for good reason. If the FRC is serious – and it should be – it would be inviting its critics in, as well as civil society and others who have had much to say about its massive failings, not least on entirely avoiding the entire issue of country-by-country reporting, which is probably the lightning rod of current concern on accounting right now. But it isn’t. It’s just continuing as a talking shop where the chaps talk to the chaps, as the highlighted section proves.
And until it changes the only thing to say about it is that it is unfit for purpose.