Digital Reporting Education & Outreach (DREO) Innovation sprint support.

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    "description": "The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK\u0027s Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality.\nThe purpose of the FRC is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work.\nThe FRC\u0027s Digital Reporting and Taxonomy team set the UK\u0027s digital reporting taxonomy. Our taxonomy is used by millions of companies in the UK to file annual report data to regulators and we are keen to ensure that the data is used to its fullest potential.\nThe UK has a focus on economic growth, support for longer-term investment and a drive to maintain and enhance the UK\u0027s capital markets. A key enabler for all these goals is a data ecosystem that provides useful insights to the widest audience and at the lowest cost. To achieve this, it is critical to enable access to both the data and the tools to analyse the data.\nThe UK is a world leader in collecting company and organisational data in structured digital form in the iXBRL (Inline eXtensible Business Reporting Language) format. Of the 3.1 million accounts published annually on the Companies House register, 80% are available in iXBRL format. In addition, more than 500 issuers on regulated markets file their annual reports in iXBRL format with the FCA.\nThe FRC seeks a supplier to design and facilitate a Four (4) month innovation sprint, supporting the DREO initiative to:\n\u2022\tIdentify and engage relevant stakeholder groups from across the corpotate reporting, FinTech, accounting and xbrl ecosystem for the innovation sprints.\n\u2022\tRun the innovation sprints to explore key themes and challenges related to the production and use of XBRL data from listed and non-listed company, charaties and other organisations annual accounts.  And provide for the facilitation of group discussions or working groups to address, experiment with and consider technical topics and develop practical use cases  based upto three regulator led challenges.\n\u2022\tSynthesis and Report on the sprints including a final report or roadmap that brings together the insights and outputs from the engagement activities including barriers, gap analysis and use cases.\n\u2022\tProvide programme management, stakeholder coordination, and documentation related to the sprints. \nPLEASE REFER TO THE INVITATION TO TENDER FOR FULL DETAILS.\nIMPORTANT\n\u2022\tPlease register your interest by emailing the FRC\u0027s procurement team, email procurement@frc.org.uk\n\u2022\tThe FRC will share all tender queries and answers with those that have registered.\n\u2022\tYour tender submission must be submitted within the deadline by email to procurement@frc.org.uk",
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