News

This page list press notices and announcements issued by the FRC.

1822 pages found.

• Closure of investigation regarding an audit by Ernst & Young LLP

  The Financial Reporting Council today announces the closure of its investigation into the audits conducted by Ernst & Young LLP of the consolidated financial statements of a Public Interest Entity (PIE) and a related non-PIE entity for the years ended 31

  24 February 2026

• FRC maintains international alignment for companies applying adapted formats in financial statements

  The Financial Reporting Council (FRC) has today issued amendments to FRS 102 to provide companies with an updated framework when adapting the formats of their balance sheets and profit and loss accounts in their annual report and accounts.

  18 February 2026

• FRC consults on temporary amendment to TCA directions

  The Financial Reporting Council (FRC) is consulting on a temporary amendment to its Third Country Auditor (TCA) policy. The proposed change would temporarily permit auditors of Chinese-registered entities listing Global Depositary Receipts (GDRs) in Londo

  16 February 2026

• Financial Reporting Council Chair Sir Jan du Plessis to retire in September

  The Financial Reporting Council (FRC) has today announced that, having served as Chair of the FRC for the last four years, Sir Jan du Plessis has informed the Secretary of State for Business and Trade of his intention to step down from the role at the end of September 2026, when he will retire from corporate and public life.

  11 February 2026

• FRC proposes amendments to actuarial standard for new multi-employer CDC pension schemes

  The Financial Reporting Council (FRC) has today issued a consultation to ensure that Technical Actuarial Standard (TAS) 310, which underpins the fairness and transparency of collective defined contribution (CDC) pension schemes1, remains appropriate as th

  9 February 2026

• FRC confirms AS TM1 assumptions unchanged following annual review

  Following a consultation, the Financial Reporting Council (FRC) has today confirmed that no changes will be made to the actuarial assumptions in Actuarial Standard Technical Memorandum 1 (AS TM1), a key actuarial standard that supports actuarial practitio

  6 February 2026

• FRC publishes updated strategic report guidance

  The Financial Reporting Council (FRC) has today issued updated Guidance on the Strategic Report. This guidance has been developed to support all UK entities that prepare strategic reports under company law, and is intended to help entities address their r

  4 February 2026

• FRC to host digital reporting education events across UK

  The Financial Reporting Council (FRC) is hosting a series of Digital Reporting outreach events and associated hackathons in March and May 2026. These sessions support improved understanding of Digital Reporting using XBRL and the UK taxonomies, alongside

  2 February 2026

• Latest signatories announced ahead of transition to UK Stewardship Code 2026

  The Financial Reporting Council (FRC) has confirmed the final round of successful signatories to the UK Stewardship Code 2020. The Code now has 291 signatories representing £57.3 trillion assets under management, including 197 asset managers, 75 asset own

  28 January 2026

• FRC issues guidance to support actuaries dealing with historic amendments to pension rules

  The Financial Reporting Council (FRC) has today issued guidance to help pension scheme actuaries provide retrospective confirmation to validate historic changes to pension scheme rules.

  23 January 2026

• Sanctions against Nicholas Bowerman for failure to co-operate with an investigation by the Financial Reporting Council

  The Financial Reporting Council (FRC) today announces adverse findings and sanctions against Nicholas Bowerman, following a hearing by an independent Disciplinary Tribunal.

  16 January 2026

• FRC CEO sets out focus for 2026

  Richard Moriarty, Chief Executive of the Financial Reporting Council (FRC), has set out the regulator's priorities for the year ahead.

  14 January 2026

• FRC sets schedule for 2026 consultation windows

  The Financial Reporting Council (FRC) has set its consultation windows for 2026, providing stakeholders with a consistent timeline for providing feedback on regulatory developments.

  8 January 2026

• FRC Launches Consultation on Draft Plan and Budget for 2026-27

  The Financial Reporting Council (FRC) has today launched a consultation on its draft plan and budget for 2026-27 which sets out its priorities and resources for the year ahead.

  15 December 2025

• Investigation regarding an audit of Shell plc by Ernst & Young LLP

  The Financial Reporting Council (FRC) has commenced an investigation in relation to the statutory audit conducted by Ernst & Young LLP (EY) of the consolidated financial statements of Shell plc (Shell) for the financial year ended 31 December 2024.

  15 December 2025