In Conversation: Findings and remedies from the FRC's SME audit market study
News types: Generic Announcement
Published: 28 August 2025
In this In Conversation podcast episode, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, discusses the FRC's emerging findings of its market study examining how small and medium-sixed enterprises (SMEs) engage with the audit market alongside Laura Warren, Director of Market Intelligence and Insights, Dhruve Shah, Deputy Director of Professional Bodies Supervision, and Peter Kitson, Audit and Assurance Project Director.
Kate, Laura, Dhruve and Peter speak about the importance of proportionality and scalability in audit standards, how the FRC has facilitated this by developing a practice note to help auditors apply ISAs more proportionately to smaller entities, and the various other proposed remedies emerging from the study's findings.
Take part in the next steps of the FRC's year long campaign to support SME's access to audit by registering for its upcoming roundtables, beginning 9 September 2025.