Recognised supervisory body
In UK statutory audit regulation, a recognised supervisory body (RSB) is a body recognised to register and supervise auditors and audit firms under the applicable legislation and delegated arrangements. The Financial Reporting Council oversees these bodies and retains specified functions. Status and delegation can change; local-audit rules may differ. This is a jurisdiction-specific regulatory example, not a generic label for every national audit regulator.
Worked example
An audit firm checks its registration with a recognised supervisory body before accepting a UK statutory audit.
Common mistake
The FRC oversees audit regulation; it is not itself an RSB merely because it supervises recognised bodies.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |