About the FRC Procedures and Policies Enforcement Procedures Supporting documents, policies and guidance

Supporting documents, policies and guidance

On 17 June 2016, the FRC became the 'competent authority' for audit in the UK under new legislation which came into force following the EU Audit Regulation and Directive.

Audit Enforcement Procedure (AEP) - Supporting documents

Publications Policy (Updated Jan 2021) (PDF)
Conduct Committee Guidance (Updated Jan 2021) (PDF)
Guidance for Case Examiner (Updated Jan 2021) (PDF)
Hearings Guidance (PDF)
Sanctions Policy (Audit Enforcement Procedure) (effective from 1 June 2018) (PDF)
Tribunal and Appeal panel terms of appointment (Updated Jan 2021) (PDF)

Accountancy Scheme Policies and Guidance - Supporting documents

Accountancy Scheme Sanctions Guidance (Updated Jan 2021) PDF
Guidance on the delivery of Formal Complaints (Accountancy Scheme) (Updated Jan 2021) (PDF)
Guidance on commencement of investigation of cases by the FRC (Accountancy Scheme) (Updated Jan 2021) (PDF)

Actuarial Scheme Policies and Guidance - Supporting documents

Actuarial Scheme Sanctions Guidance (Updated Jan 2021) (PDF)
Guidance on the Delivery of Formal Complaints (Actuarial Scheme) (Updated Jan 2021) (PDF)
Guidance for referral/call in of actuarial cases (Updated Jan 2021) (PDF)

Policies and Guidance applicable to the AEP and both Schemes

Guidance on the Retention and Delegation of Investigation Decisions January 2021 
FRC Tribunal Panel Members Fees and Expenses Policy (Revised March 2017) (PDF)  
Guidance Notes: Convening Tribunals and Appeal Tribunals, timetabling, and the fixture of hearings under the Accountancy Scheme and Actuarial Scheme (May 2018) (PDF]
Tribunal Panel Expenses Claim Form (Word)  
Tribunal Panel Member Statement of Independence Guidance Notes (Updated Jan 2021) (PDF)

Policies and guidance applicable to the Accountancy Scheme and Actuarial Scheme

Actuarial and Accountancy Scheme Publication Policy (Updated Jan 2021)
Guidance on the disclosure of unused material (July 2013) (PDF)

Guidance: Reaching determinations in respect of Proposed Settlement Agreements under the Accountancy Scheme and Actuarial Scheme (March 2017) (PDF)


Previous Versions in force

Audit

Publications Policy (Updated July 2020) (PDF)
Conduct Committee Guidance (PDF)
Guidance for Case Examiner (PDF)
Tribunal and Appeal panel terms of appointment (PDF)


Accountancy 

Accountancy Scheme Sanctions Guidance (effective from 1 June 2018) (PDF)
Publications Policy regarding decisions under the Accountancy and Actuarial Schemes (Updated July 2020) (PDF)
Sanctions Guidance (effective 1 June 2014) (PDF)
Guidance on the delivery of Formal Complaints (Accountancy Scheme) (July 2013) (PDF)
Guidance on commencement of investigation of cases by the FRC (Accountancy Scheme) (July 2013) (PDF)


Actuarial

Publications Policy regarding decisions under the Accountancy and Actuarial Schemes (Updated July 2020) (PDF)
Actuarial Scheme Sanctions Guidance (November 2016) (PDF)
Guidance on the Delivery of Formal Complaints (Actuarial Scheme) (May 2012) (PDF)
Guidance for referral/call in of actuarial cases (February 2011) (PDF)
Publication Policy (still in force in relation to the Actuarial Scheme) (October 2010) (PDF)


Both Schemes

Tribunal Panel Member Statement of Independence Guidance Notes (July 2013) (PDF)