What is the fine-grained topic of the following text: The proposal, which should now advance to enabling legislation (estimated 2016/2017), is to beef up the regulatory powers of the Financial Reporting Council (FRC), making it similar to other regulators like the U.S. Public Company Accounting Oversight Board or the Canadian Public Accountability Board.�The new rules will apply only to auditors of public companies, although they could be expanded to cover other public interest entities. Only return the topic.
Enhancing the Regulatory Powers of the Financial Reporting Council