News

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

1694 pages found.

  • FRC publishes emerging findings from NHS audit market study

    The Financial Reporting Council (FRC) has today published initial feedback on its market study into the audit market for NHS providers and Integrated Care Boards (ICBs). Launched in July 2024 in response to growing concerns about challenges NHS bodies are

    12 December 2024

  • In Conversation: Mutual Recognition Agreements

    In this In Conversation podcast episode, Daniel Ellis, Senior Public Affairs Manager, is joined by Alison Stiles, Project Manager in the Professional Bodies Supervision team, to discuss the FRC’s work on Mutual Recognition Agreements (MRAs) and the recent

    11 December 2024

  • 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

    10 December 2024

  • FRC consults on revisions to Technical Actuarial Standard for pensions

    The Financial Reporting Council (FRC) has today published a consultation proposing revisions to Technical Actuarial Standard 300: Pensions (TAS 300) to reflect recent developments in pension scheme funding.

    9 December 2024

  • Audit market competition update sets out FRC’s evolving approach

    The Financial Reporting Council (FRC) has today published its annual Audit Market and Competition Update for 2024, highlighting developments in the UK audit market and setting out the FRC’s evolving approach to competition.

    4 December 2024

  • New Non-Executive Directors appointed to FRC Board

    The Financial Reporting Council (FRC) has today announced a strengthening of its Board with the appointment of Charlie Parker, Eva Lindholm and Simon O’Regan, as Non-Executive Directors.

    28 November 2024

  • FRC issues updated suite of factsheets for FRS 102

    The Financial Reporting Council has today issued an updated suite of factsheets on aspects of FRS 102. The updated factsheets follow the Periodic Review 2024 amendments to FRS 102 and other FRSs, and provide additional guidance to support stakeholder repo

    27 November 2024

  • In Conversation series: UK Corporate Governance Code 2024 key aspects

    The FRC has published a series of podcasts relating to key aspects of the revised code to support stakeholders. Find below the episodes focussing on: audit committee minimum standards, diversity, outcomes-based reporting, culture, and comply or explain op

    26 November 2024

  • FRC publishes Annual Review of Corporate Governance Reporting

    The Financial Reporting Council (FRC) has today published its Annual Review of Corporate Governance Reporting 2024, providing important insights as companies prepare to implement the revised UK Corporate Governance Code from January 2025.

    26 November 2024

  • Pre-Emption Group reports UK companies embrace enhanced capital raising flexibility

    Issued on behalf of the Pre-Emption Group (PEG). The Pre-Emption Group has today published its second report monitoring the use of its updated Statement of Principles on the disapplication of pre-emption rights for UK listed companies.

    22 November 2024

  • FRC approves CIPFA Diploma in Local Audit

    The Financial Reporting Council (FRC) has today announced the Chartered Institute of Public Finance and Accountancy’s (CIPFA) Diploma in Local Audit as pre-approved local audit specialist training.

    20 November 2024

  • FRC publishes report on quality of major local audits ahead of system reset

    The Financial Reporting Council (FRC) has today published its annual report on the quality of major local audits which also sets out how it will continue to support the local audit system to recover from delays in the publication of audited accounts.

    19 November 2024

  • In Conversation: Local audit backlog measures and audit opinions

    In our latest In Conversation podcast episode, Kate O’Neill, Director of Stakeholder Engagement and Corporate Affairs, is joined by Mark Babington, Executive Director of Regulatory Standards, as well as Mike Newbury, Director of Local Audit Code and Guida

    15 November 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

    14 November 2024

  • Webinar Invitation: Consultation on updates to UK Stewardship Code

    The Financial Reporting Council invites stakeholders to attend an upcoming webinar covering the key proposals in the UK's Stewardship Code consultation.

    13 November 2024