FRC's revised Audit Enforcement Procedure comes into effect
News types: Publications
Published: 1 July 2026
The Financial Reporting Council's (FRC) revised Audit Enforcement Procedure (AEP) has taken effect from today (1 July 2026).
Enforcement remains central to the FRC’s role in acting in the public interest. The updated framework represents a significant development in the FRC’s move towards a more integrated regulatory approach which aligns its supervisory, investigatory and enforcement activity more closely.
The FRC published its revised AEP alongside accompanying policies on Wednesday 17 June following a period of consultation in Autumn 2025. This introduces a broader and more flexible set of routes to resolution which allow for more targeted and timely responses to cases while also supporting faster system-wide improvement and learning.