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370 results found.

Selected Topics

  • Enforcement
  • Sanctions against HW Fisher LLP and Simon Mott-Cowan

    Executive Counsel of the Financial Reporting Council (“FRC”) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure and imposed sanctions against HW Fisher LLP (”HWF”), as Statutory Audit Firm, and Simon Mott-Cowan (”Mr Mott-C

    News

    27 October 2026

  • Sanctions against Deloitte LLP

    Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure and imposed sanctions against Deloitte LLP (Deloitte).

    News

    8 October 2026

  • Closure of investigation regarding the audit of Joules Group plc by Deloitte LLP

    This Press Notice concerns an investigation into one or more Statutory Auditor(s) and/or Statutory Audit Firm(s). The investigation did not relate to any persons or entities other than the relevant Statutory Auditor(s) and/or Statutory Audit Firm.

    News

    8 October 2026

  • CEO Stephen Haddrill gives speech at FRC event on “Enhancing trust in European companies, improving investor confidence and facilitating long-term shareholder engagement"

    News

    26 April 2013

  • Investigations into the conduct of an individual accountant and regarding the audits of State Oil Limited (part of the Prax Group)

    The FRC has commenced investigations into the following: the conduct of an individual accountant in respect of the financing arrangements of State Oil Limited (part of the Prax Group) from February 2021 to June 2025 (an investigation under the Accountancy Scheme[f285dc]); the Statutory Audits by KPMG LLP of the consolidated financial statements of State Oil Limited for the financial years ended 28 February 2022 and 28 February 2023 (an investigation under the Audit Enforcement Procedure); and the Statutory Audit by PKF Littlejohn LLP of the consolidated financial statements of State Oil Limited for the financial year ended 29 February 2024 (an investigation under the Audit Enforcement Procedure).

    News

    11 September 2026

  • FRC makes minor amendment to Auditor Regulatory Sanctions Procedure and the Crown Dependencies’ Recognised Auditor Sanctions Procedure

    The Financial Reporting Council (FRC) is to make a minor amendment to the Auditor Regulatory Sanctions Procedure (ARSP) and Crown Dependencies' Recognised Auditor Sanctions Procedure (CD RASP).

    News

    30 July 2026

  • Investigations into the conduct of individual accountants and regarding an audit of John Wood Group plc

    The FRC has commenced investigations into the following: the conduct of two individual accountants in respect of: (i) the preparation of financial information and financial reporting; and (ii) the communication with statutory auditors, in each case relating to the Projects Business Unit of John Wood Group plc during 2022, 2023 and 2024 (an investigation under the Accountancy Scheme[162ece]); and the statutory audit by KPMG LLP of the consolidated financial statements of John Wood Group plc for the financial year ended 31 December 2023 (an investigation under the Audit Enforcement Procedure).

    News

    30 July 2026

  • Sanctions against Ernst & Young LLP and Ms Julie Carlyle

    Executive Counsel to the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure, imposing sanctions on Ernst & Young LLP (EY) and Julie Carlyle (Ms Carlyle), Audit Engagement Partner, in relat

    News

    28 July 2026

  • FRC Annual Enforcement Review highlights lessons to strengthen audit market

    The Financial Reporting Council (FRC) today published its Annual Enforcement Review 2026, setting out key findings from its enforcement activity in the year.

    News

    23 July 2026

  • Sanctions against PricewaterhouseCoopers LLP and Mr John Waters

    Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure and imposed sanctions against PricewaterhouseCoopers LLP (PwC) and John Waters, audit engagement partner,

    News

    16 July 2026

  • Sanctions against Forvis Mazars LLP and Mr David Allen

    The Executive Counsel to the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure, and has imposed sanctions against Forvis Mazars LLP (Forvis Mazars) and David Allen (Mr Allen)

    News

    2 July 2026

  • FRC's revised Audit Enforcement Procedure comes into effect

    The Financial Reporting Council's (FRC) revised Audit Enforcement Procedure (AEP) has taken effect from today (1 July 2026).

    News

    1 July 2026

  • Sanctions against King & King and Mr Milankumar Patel

    The Executive Counsel of the Financial Reporting Council (“FRC”) has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions on King & King and Milankumar Patel (“Mr Patel”)

    News

    23 June 2026

  • FRC modernises enforcement to deliver faster outcomes and earlier learnings for the UK audit market

    The Financial Reporting Council (FRC) has published reforms to its Audit Enforcement Procedure (AEP), modernising its regulatory toolkit.

    News

    17 June 2026

  • Sanctions against BDO LLP and Geraint Jones

    Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure and imposed sanctions against BDO LLP (BDO) and Geraint Jones (Mr Jones), audit engagement partner, in relation

    News

    28 May 2026

  • FRC publishes new Auditor Regulatory Sanctions Procedure and Guidance

    News

    11 November 2013

  • Findings in relation to Mr Adam and Mr Khan, and confirming enforcement action against three further individuals

    The Financial Reporting Council (FRC) has imposed sanctions against two former Group Finance Directors of Carillion plc (Carillion). Both acted recklessly and failed to act with integrity in connection with the preparation of accounting information for Ca

    News

    12 May 2026

  • FRC publishes Corporate Reporting Review Annual Report

    News

    17 October 2013

  • Investigation regarding an audit of Digital 9 Infrastructure plc by PricewaterhouseCoopers LLP

    The Financial Reporting Council (FRC) has commenced an investigation in relation to the audit conducted by PricewaterhouseCoopers LLP of the consolidated financial statements of Digital 9 Infrastructure plc for the financial year ended 31 December 2023.

    News

    9 April 2026

  • Closure of investigation regarding the audit of Entain plc by KPMG LLP

    News

    2 April 2026

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