This page list press notices and announcements issued by the FRC.
1607 pages found.
FRC publishes revised technical actuarial standards for the pensions sector
The Financial Reporting Council (FRC) has today published version 2.0 of Technical Actuarial Standard 300: Pensions (TAS 300). The new version of the Standard includes revisions to ensure it remains appropriate and reflects developments in the pension ind
11 December 2023
FRC publishes report on the quality of major local audits amid delays in local government
The Financial Reporting Council (FRC) has today published its annual report on the quality of major local audits, while highlighting its disappointment with the unacceptable delays in financial reporting and audit in the local government sector.
8 December 2023
FRC Lab insights: Structured Digital Reporting 2023
The FRC Lab has today published its latest insight report setting out some areas of focus for companies and suggestions to optimise reporting to meet the needs of investors and other users.
7 December 2023
FRC announces areas of supervisory focus for 2024/25
The Financial Reporting Council (FRC) has today announced its areas of supervisory focus for 2024/25, including priority sectors, for corporate reporting reviews and audit quality inspections.
6 December 2023
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