The FRC has today published Audit Quality Inspection reports for BDO LLP and Grant Thornton UK LLP. Reports on these firms are currently published every two years.
The FRC anticipates publishing its annual Audit Quality Inspection report and, separately, individual reports on Deloitte LLP, Ernst & Young LLP, KPMG LLP and PricewaterhouseCoopers LLP by mid-June. The publication of those reports will conclude the FRC’s reporting on the 2012/13 cycle of audit inspections.
Notes to editors:
The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We also monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.
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