Audit Supervision Reports

The FRC publishes reports on its audit quality inspections and supervision activity. From 2026, this reporting is brought together in the Annual Review of Audit Quality, a single annual publication covering both market-wide findings and firm-specific supervision outcomes. This replaces the previous approach of publishing separate overview and firm-specific reports.

Annual Review of Audit Quality

In July 2026, the FRC published its Annual Review of Audit Quality, a single annual publication covering both market-wide findings and firm-specific supervision outcomes.

Audit Firm Specific Reports - Tier 1 Audit Firms (2012-2025)

The FRC published individual reports on each major audit firm from 2012 to 2025, along with overview reports from 2022 to 2025. These have now been replaced by the Annual Review of Audit Quality, starting in 2026.

Audit Firm Specific Reports - Tier 2 and 3 Audit Firms (2022-2024)

The FRC published a separate report on our inspection and supervision activity at the Tier 2 and Tier 3 audit firms from 2022 to 2024. This has now been replaced by the Annual Review of Audit Quality, starting in 2025.