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393 results found.

Selected Topics

  • Supervision
  • Financial Reporting Council launches bold new programme to build capability and support growth by small UK audit firms

    The Financial Reporting Council (FRC) today announced a new initiative to support the development of the capability and quality management by small audit firms looking to establish a greater presence in the UK Public Interest Entity (PIE) audit market. Th

    News

    11 September 2025

  • Future Audit Supervision Strategy: FRC launches second phase of engagement

    The Financial Reporting Council (FRC) has today published a discussion paper and launched the next phase of engagement on its Future of Audit Supervision Strategy (FASS).

    News

    13 August 2025

  • In Conversation with Richard Moriarty, CEO

    Richard Moriarty, CEO, joins Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, to discuss what the FRC has accomplished so far this year, take stock of the current political and economic environment, and give updates about the progre

    News

    28 July 2025

  • FRC publishes the results of its major local audit quality monitoring, after the system reset

    The Financial Reporting Council (FRC) has reported on the results of its annual quality monitoring of major local audits (MLAs). Alongside this, the FRC has provided an update on how it will continue to support the local audit system to recover from delay

    News

    8 July 2025

  • FRC's Executive Director of Supervision announced as new head of SRA

    The Financial Reporting Council (FRC) has today confirmed that Sarah Rapson, Executive Director of Supervision, will step down from her role at the FRC to become the new Chief Executive Officer of the Solicitors Regulation Authority (SRA).

    News

    26 June 2025

  • Sanctions against Ernst & Young LLP and Richard Wilson

    The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure and imposed sanctions on Ernst & Young LLP (EY) and Richard Wilson (Mr Wilson), audit engagement partner, in

    News

    10 April 2025

  • Sanctions against PricewaterhouseCoopers LLP and Jonathan Hinchliffe

    The Executive Counsel of the Financial Reporting Council (“FRC”) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure and imposed sanctions against PricewaterhouseCoopers (“PwC”) and Jonathan Hinchliffe (“Mr Hinchliffe”) in

    News

    25 March 2025

  • FRC publishes inspection findings for the Tier 2 and 3 audit firms

    News

    16 December 2024

  • FRC offers advice on conducting effective audit tenders

    News

    9 July 2013

  • FRC publishes emerging findings from NHS audit market study

    The Financial Reporting Council (FRC) has today published initial feedback on its market study into the audit market for NHS providers and Integrated Care Boards (ICBs). Launched in July 2024 in response to growing concerns about challenges NHS bodies are

    News

    12 December 2024

  • In Conversation: Mutual Recognition Agreements

    In this In Conversation podcast episode, Daniel Ellis, Senior Public Affairs Manager, is joined by Alison Stiles, Project Manager in the Professional Bodies Supervision team, to discuss the FRC’s work on Mutual Recognition Agreements (MRAs) and the recent

    News

    11 December 2024

  • Audit market competition update sets out FRC’s evolving approach

    The Financial Reporting Council (FRC) has today published its annual Audit Market and Competition Update for 2024, highlighting developments in the UK audit market and setting out the FRC’s evolving approach to competition.

    News

    4 December 2024

  • FRC approves CIPFA Diploma in Local Audit

    The Financial Reporting Council (FRC) has today announced the Chartered Institute of Public Finance and Accountancy’s (CIPFA) Diploma in Local Audit as pre-approved local audit specialist training.

    News

    20 November 2024

  • FRC publishes report on quality of major local audits ahead of system reset

    The Financial Reporting Council (FRC) has today published its annual report on the quality of major local audits which also sets out how it will continue to support the local audit system to recover from delays in the publication of audited accounts.

    News

    19 November 2024

  • In Conversation: Local audit backlog measures and audit opinions

    In our latest In Conversation podcast episode, Kate O’Neill, Director of Stakeholder Engagement and Corporate Affairs, is joined by Mark Babington, Executive Director of Regulatory Standards, as well as Mike Newbury, Director of Local Audit Code and Guida

    News

    15 November 2024

  • One year on: In Conversation with FRC CEO, Richard Moriarty

    Richard Moriarty reflects on his first year leading the FRC in this In Conversation podcast episode, hosted by Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs. Richard and Kate discuss the FRC’s milestones from the past twelve month

    News

    21 October 2024

  • In Conversation: Understanding the Escalated Reporting Framework in Local Audit

    In this latest 'In Conversation' podcast episode, Daniel Ellis, Senior Public Affairs Manager is joined by Ellen Millington, Senior Project Manager in the FRC's Local Audit team to discuss the recently launched Escalated Reporting Framework (ERF) and how

    News

    17 October 2024

  • FRC publishes emerging findings from sustainability assurance market study

    The Financial Reporting Council (FRC) has today published initial feedback on its market study into assurance of sustainability reporting. Launched in March 2024, this is the first market study carried out by the FRC. Led by the FRCs recently established

    News

    15 October 2024

  • Big Four audit firms conclude transition period of operational separation

    News

    10 October 2024

  • Webinar Invitation: Annual Review of Corporate Reporting 2023/24

    The Financial Reporting Council (FRC) invites stakeholders to attend an upcoming webinar on its recently published Annual Review of Corporate Reporting on Thursday 17 October 2024, 10:00-11:00.

    News

    2 October 2024

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