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20 results found.

Selected Types

  • Oversight
  • Professional Bodies Supervision

    PBS ensures that the FRC may be satisfied that each Recognised Supervisory Body has the necessary arrangements in place to meet the requirements of the Delegation Agreement and should continue to be recognised as an RSB for the purpose of statutory audit.

  • International Agreements and Arrangements

    The FRC has entered into agreements and arrangements with overseas regulators on cooperation and exchange of information related to the oversight of auditors.

  • Independent Supervision of the Auditors General

    The FRC has been appointed by the Secretary of State for Business, Innovation and Skills as the Independent Supervisor of Auditors General in respect of statutory audits.

  • Approval of CPA Ireland qualification as an approved third country qualification

    The FRC Board has made a declaration approving the audit qualification of CPA Ireland which is a recognised accountancy body (RAB) in the Republic of Ireland.

  • Memorandum of Understanding on Reciprocal Arrangements with IAASA

    Since the UK left the EU, the UK and the Republic of Ireland (ROI) are third countries to each other.

  • FRC Statutory Regulations

    Learn about the legislation which provided the statutory frame work for audit regulation in the UK.

  • Eligibility Criteria for Statutory Auditors

    Regulation 3(1) of SATCAR 2016 sets out the responsibilities of the Competent Authority.

  • Statutory Auditors Transparency Reporting

    The FRC has implemented the legal requirements on the auditors of certain public interest entities to publish annual Transparency Reports, in accordance with the Statutory Audit Directive.

  • Delegation Agreements

    Under Regulation 3(1) of SATCAR 2016 the FRC is the competent authority with ultimate responsibility for the public oversight of statutory auditors and for the performance and oversight of certain audit regulation tasks.

  • Recognition of RSBs and RQBs

    There are currently four Recognised Supervisory Bodies (RSBs) and five Recognised Qualifying Bodies (RQBs) for the purpose of statutory audit.

  • Respective Roles of Government, the FRC and the Accountancy Profession

    View the respective roles of the Government and the FRC in relation to the regulation of statutory audit.

  • Professional Bodies Supervision (overview)

    View the statutory responsibilities Professional Bodies Supervision fulfils for the FRC.

  • FRC publishes Annual Review of Corporate Reporting

    News

    30 September 2025

  • 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

  • FRC publishes annual audit firm inspection results

    The Financial Reporting Council (FRC) has today published its Annual Review of Audit Quality, which calls for all stakeholders of the UK audit landscape to work together to deliver a thriving market and profession working in the public interest.

    News

    15 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 announces areas of supervisory focus for 2024/25

    News

    6 December 2023

  • In Conversation: Building capacity for smaller firms

    In this podcast episode, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, speaks with Andrew Meek, Director of Audit Firm Supervision, about the FRC's new initiative to build capacity and resilience in the smaller audit firm market.

    Videos and podcasts

    11 September 2025

  • In Conversation: Annual audit firm inspection results 2025

    In this podcast episode, Kate O'Neill, Director of Stakeholder Engagement and Sarah Rapson, Executive Director of Supervision discuss the 2025 Annual Review of Audit Quality.

    Videos and podcasts

    15 July 2025

  • Discussing the FRC's annual Tier 1 audit firm inspections results

    In this In Conversation episode, Sarah Rapson, Executive Director of Supervision at the FRC, joins Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, to discuss the key findings from the FRC's latest Annual Report on Audit Quality in

    Videos and podcasts

    30 July 2024

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