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FRC launches consultation on enhanced enforcement procedures

The consultation proposes a broader range of proportionate and targeted regulatory responses which support more timely outcomes

Building capability and supporting growth for small UK audit firms

Initiative for small audit firms looking to establish a greater presence in the UK Public Interest Entity (PIE) audit market

Latest News

• FRC sets schedule for 2026 consultation windows

  Published: 8 January 2026

• FRC Launches Consultation on Draft Plan and Budget for 2026-27

  Published: 15 December 2025

• Investigation regarding an audit of Shell plc by Ernst & Young LLP

  Published: 15 December 2025

• In Conversation: Consulting to update the Audit Enforcement Procedure

  Published: 10 December 2025

• Investigation regarding the conduct of two Members and Ernst & Young LLP in relation to the issuance of unauthorised auditor’s reports

  Published: 10 December 2025

• More FTSE 350 companies adopting flexible capital raising guidance with investor support remaining strong

  Published: 9 December 2025

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Open Consultations

• Proposed Revisions to ISA (UK) 240 and ISA (UK) 570

  Response deadline: 16 January 2026

• Proposed Revisions to ISA (UK) 700, ISA (UK) 701 and ISA (UK) 720

  Response deadline: 16 January 2026

• FRED 88 FRS 101 Reduced Disclosure Framework – 2025/26 cycle

  Response deadline: 16 January 2026

• Draft Annual Plan and Budget 2026-27 consultation

  Response deadline: 6 February 2026

View all consultations

Standards and Codes

We set standards and codes for the UK

• Accounting Standards
• Auditing Standards
• Actuarial Standards
• UK Corporate Governance Code 2024
• UK Stewardship Code 2026
• The Wates Corporate Governance Principles for Large Private Companies

Supervision

We deliver supervisory and monitoring obligations

• Audit Firm Supervision
• Audit Market Supervision
• Audit Quality Review
• Corporate Reporting Review
• Professional Bodies Supervision
• Audit Firm Resources
• Audit Firm Specific Reports

Enforcement

We conduct investigations and take enforcement action where appropriate

• Audit Enforcement Procedure
• Accountancy Scheme
• Actuarial Scheme

Working at the FRC

The FRC currently has a range of vacancies from entry level to senior hires. Find out more about working at the FRC.

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