Audit Enforcement Procedure: Consultation on proposed updates to the FRC’s routes to resolution
Published: 1 October 2025
Response deadline: 9 January 2026
| Title | Audit Enforcement Procedure: Consultation on proposed updates to the FRC’s routes to resolution |
|---|---|
| Format | pdf, 531.7 KB |
The FRC is consulting on proposed revisions to the Audit Enforcement Procedure (AEP).
The Financial Reporting Council’s (FRC) enforcement activity plays an important role in delivering its core work in support of the public interest and UK growth. In 2024, the FRC commenced a review of its end-to-end enforcement processes which considered its governance structures, decision-making processes and the operational efficiency and effectiveness of the AEP.
The FRC is now consulting on proposed changes to the AEP that will facilitate further improvement to the end-to-end process, including:
- making more explicit how the public interest is embedded in the decision-making process and in line with how the Conduct Committee currently consider cases, and introducing senior involvement of the case assessment process to give the Conduct Committee additional assurance.
- allowing the FRC through its Conduct Committee to have a more graduated and broader range of interventions available to resolve cases according to their individual facts.
- enabling the faster completion of cases and delivery of outcomes which supports the FRC’s deterrent and educative objective while reducing expenditure.
Comments on the proposed changes to the AEP are requested by Friday 9 January 2026.
| Name | Appendix A (Audit Enforcement Procedure) |
|---|---|
| Publication date | 1 October 2025 |
| Type | Consultation paper |
| Format | PDF, 946.0 KB |
| Name | Appendix B (Table of Amendments) |
| Publication date | 1 October 2025 |
| Type | Consultation paper |
| Format | PDF, 520.2 KB |