Innovation and Improvement Hub

The purpose of the Hub is to build the FRC’s capability to provide a variety of innovation spaces under a common set of principles with which the FRC can advance innovation, quality and/or market resilience for the benefit of increasing regulatory certainty for our stakeholders and promoting outcomes-based regulation.

Innovation and Improvement Hub (overview)

Learn about the FRC's Innovation and Improvement Hub and our current initiatives.

Sandbox: Audit Tech and AI

The Audit Tech and AI Sandbox aims to support audit firms looking to adopt AI, software, new products and features, or other technology to improve quality and drive better outcomes.

Sandbox: Simplifying Annual Reporting

This Sandbox initiative seeks to explore ways to create streamlined annual reports which meets regulatory requirements but remains user-friendly and concise.

Audit and Assurance Sandbox

A collaborative space to develop solutions to technical and policy issues. Learn about our current and completed initiatives, and how to get involved.

Building Capability in Smaller Firms

This initiative will 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.