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350 results found.

Selected Topics

  • Enforcement
  • Investigation regarding the audit of ISG Limited by MacIntyre Hudson LLP

    The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by MacIntyre Hudson LLP of the consolidated financial statements of ISG Limited for the year ended 31 December 2022.

    News

    18 March 2025

  • Investigation regarding an audit by Ernst & Young LLP

    The Financial Reporting Council (‘FRC’) has commenced an investigation into the audits conducted by Ernst & Young LLP of the consolidated financial statements of a Public Interest Entity (as defined in the Audit Enforcement Procedure) and a related non-PI

    News

    13 March 2025

  • Investigation regarding the conduct of two individual accountants in relation to Woking Borough Council’s operations and investment activities

    The Financial Reporting Council (“FRC”) has commenced an investigation under the Accountancy Scheme into the conduct of two individual accountants in relation to their compliance with governance, reporting, regulations and professional standards in respec

    News

    13 February 2025

  • Investigation regarding the audit of Entain plc by KPMG LLP

    The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by KPMG LLP of the consolidated financial statements of Entain plc for the year ended 31 December 2022.

    News

    20 January 2025

  • FRC offers advice on conducting effective audit tenders

    News

    9 July 2013

  • Sanctions against Crowe UK LLP and Nigel Bostock

    The 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 Crowe UK LLP (Crowe) and Nigel Bostock, in relation to the statutory au

    News

    10 December 2024

  • Sanctions against Amanda Nightingale (née Cleaver)

    The Executive Counsel of the Financial Reporting Council (FRC) has entered into a Settlement Agreement with Ms Nightingale, under the terms of the Accountancy Scheme and imposed significant sanctions in respect of her conduct in her role as the Senior Man

    News

    14 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

  • Sanctions against Ernst & Young LLP

    The Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice to Ernst & Young LLP (EY UK) under the Audit Enforcement Procedure and imposed sanctions in respect of a breach of the FRC’s Revised Ethical Standard 2019, namely exceedin

    News

    7 August 2024

  • FRC publishes latest Annual Enforcement Review

    The Financial Reporting Council (FRC) has today published its sixth Annual Enforcement Review (Review) which provides a summary of FRC enforcement activity for the year ending 31 March 2024.

    News

    25 July 2024

  • FRC Annual Report highlights continued progress in improving standards of audit, financial and corporate reporting to support UK corporate growth

    The Financial Reporting Council (FRC) has today published its Annual Report and Accounts for 2023/24. The report underscores the FRC’s ongoing commitment to improving audit quality and corporate reporting in the UK while adapting to evolving market needs

    News

    24 July 2024

  • Sanction against Sushovan Hussain in relation to Autonomy Corporation Plc

    The Executive Counsel to the Financial Reporting Council (FRC) has agreed terms of settlement with Sushovan Hussain following admissions of Misconduct as a result of his conviction in the USA during April 2018 on 16 counts of fraud relating to his conduct

    News

    11 July 2024

  • Sanctions against MacIntyre Hudson LLP, Deborah Weston and Geeta Morgan

    The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure (AEP) and imposed sanctions against MacIntyre Hudson LLP (MHA), Deborah Weston (Ms Weston) a former partner

    News

    9 July 2024

  • Investigation regarding an audit by Maclntyre Hudson LLP

    The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by Maclntyre Hudson LLP of the financial statements of a Public Interest Entity (as defined in the Audit Enforcement Procedure) for the year ended 31

    News

    16 May 2024

  • Sanctions against Crowe U.K. LLP

    Pursuant to the Crown Dependencies Recognised Auditor Sanctions Procedure, the FRC’s Enforcement Committee (the “Committee”) has concluded that Crowe U.K. LLP failed to comply with the Regulatory Framework for Auditing in its audit of Aseana Properties Li

    News

    14 May 2024

  • Publication of Final Settlement Decision Notices in respect of KPMG and two former partners

    Following the previous announcement on 12 October 2023 of the enforcement action taken relating to KPMG’s audits of Carillion plc, the FRC has today published the two full Final Settlement Decision Notices.

    News

    9 May 2024

  • Sanctions against three audit firms over the audits of London Capital & Finance plc

    The Executive Counsel of the Financial Reporting Council (“FRC”) has issued Final Settlement Decision Notices under the Audit Enforcement Procedure and imposed sanctions against three audit firms as a result of her investigation of the audits of London Ca

    News

    7 May 2024

  • Outcome of disciplinary case in connection with Presbyterian Mutual Society

    News

    29 February 2016

  • Sanctions against Grant Thornton UK LLP

    Pursuant to the Auditor Regulatory Sanctions Procedure, and following an inspection by the Financial Reporting Council (FRC)’s Audit Quality Review (AQR) team, the FRC’s Enforcement Committee (Committee) has concluded that Grant Thornton UK LLP failed to

    News

    8 April 2024

  • Sanctions against KPMG LLP and audit partner

    The Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure and imposed sanctions against KPMG and Adrian Wilcox (the audit engagement partner) in respect of their statutory audit of M&C

    News

    4 March 2024

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