Consultation on proposed amendments to the PIE Auditor Registration Regulations
Published: 17 July 2025
Response deadline: 2 October 2025
| Title | Consultation on proposed amendments to the PIE Auditor Registration Regulations |
|---|---|
| Format | pdf, 1.3 MB |
Overview
The Financial Reporting Council (FRC) is responsible for the Registration of Statutory Audit Firms and Responsible Individuals (RIs) who undertake (or who intend or expect to undertake) Statutory Audit Work for Public Interest Entities (PIEs). The FRC operates and maintains the PIE Auditor Register (PAR) in accordance with the provisions of the FRC’s PIE Auditor Registration Regulations (the Regulations).
The PIE Auditor Registration (Registration) regime has been in operation for over two years, following recommendations made on audit reform by the government. The FRC has direct control of the Registration of PIE auditors, ensuring that decisive and timely action can be taken when systemic issues at a firm are identified using one or more Registration measures.
The draft amendments are designed to ensure that the Registration process continues to act as a mitigation against the risk of poor audit quality, supports market confidence, and help to protect the public interest. The FRC is proposing to make changes to the Regulations to:
- reduce the administrative burden of the Regulations
- respond to increased activity in the areas of restructuring, reorganisation and private capital ownership of PIE Registered audit firms
- provide more flexibility where appropriate, and
- clarify the Regulations in certain respects.
The FRC intends to bring amended versions of the Regulations and Guidance into force in January 2026, and is seeking feedback from stakeholders on: the changes proposed to the Regulations, and; the operation of the Registration Process and recommendations for improvement.
Comments on the proposed amendments to the PIE Auditor Registration Regulations are requested by 2 October 2025.