This page list press notices and announcements issued by the FRC.
1603 pages found.
FRED 85 Draft amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle
The FRC has today issued FRED 85 Draft amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle.
5 December 2023
UKEB adopts Supplier Finance Arrangements: Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures
Published on behalf of the UKEB
4 December 2023
FRC publishes thematic review of audit sampling
The Financial Reporting Council (FRC) has today published its thematic review of audit sampling. Audit sampling is a fundamental tool for auditors, allowing the auditor to draw conclusions about a population based on the sample selected.
24 November 2023
FRC welcomes new remit letter
The Secretary of State for Business and Trade, Rt Hon Kemi Badenoch MP, has today issued the Financial Reporting Council (FRC) with a new remit letter updating the Government’s priorities for the FRC’s work.
22 November 2023
UKEB Board Member Vacancies
The UKEB is recruiting for two Non-Executive Board Members to complement the skillset of the existing Board. The successful candidates will have experience as a preparer of accounts or an accounting firm background.
16 November 2023
FRC publishes review of companies’ IFRS 17 disclosures
The Financial Reporting Council (FRC) has today published its thematic review of companies’ first-time application of IFRS 17, a new and fundamental change in accounting for insurance contracts.
15 November 2023
Draft UKSEF Conformance Suite published
9 November 2023
2024 Taxonomy Suite published
The Financial Reporting Council has published the 2024 suite of FRC Taxonomies.
9 November 2023
Statement: FRC policy update
The FRC notes that in His Majesty’s Speech to Parliament today the Government’s plan for primary legislation to modernise the regulation of audit, corporate reporting and governance has not been prioritised for the next Parliamentary session. Whilst disappointing, we are pleased that as recently as the 16th October the Government restated its continued commitment to reform and bringing forward legislation when Parliamentary time allows. There is broad stakeholder consensus that this reform continues to be necessary to restore investor and public trust following the very damaging collapse of several high-profile businesses including Carillion, BHS and Thomas Cook.
7 November 2023
FRC consults on proposed changes to Actuarial Standard Technical Memorandum 1
The Financial Reporting Council (FRC) has today published a consultation paper on proposed changes to the Actuarial Standard Technical Memorandum 1 (AS TM1) (and its Annex: Exposure Draft of version 5.0 of TM1) to reflect the changes in the market conditi
3 November 2023
Webinar and Roundtable Invitation: FRC consultation on proposed revision to ISA (UK) 250 Section A and ISA (UK) 250 Section B
The Financial Reporting Council (FRC) invites stakeholders to attend an upcoming webinar on its consultation to strengthen auditor requirements to detect and report material misstatements from non-compliance with laws and regulations.
2 November 2023
FRC report looks at "Materiality Mindset" for better corporate reporting
The Financial Reporting Council (FRC) has today published a report looking at how companies can improve their corporate reporting by taking a more focused, strategic approach to assessing materiality.
30 October 2023
FRC welcomes the appointment of Alan Vallance as ICAEW’s CEO
The Financial Reporting Council (FRC) welcomes the appointment of Alan Vallance as the Institute of Chartered Accountants in England and Wales’ (ICAEW) Chief Executive Officer, replacing Michael Izza who is due to retire in spring 2024.
26 October 2023
Research on the use of Artificial Intelligence and Machine Learning in UK actuarial work
The Financial Reporting Council has today published new research examining the use of Artificial Intelligence (AI) and Machine Learning (ML) in UK actuarial work.
26 October 2023