News

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

241 pages found.

• FRC makes minor amendments to Auditor Regulatory Sanctions Procedure (ARSP) and the Crown Dependencies’ Recognised Auditor Sanctions Procedure (CD RASP)

  The Financial Reporting Council (FRC) is to make minor amendments, pursuant to paragraph 24.1 of the ARSP and CD RASP, to transfer the authorisation of remuneration from its Conduct Committee to the People Committee, with effect from 1 March 2026.

  27 November 2025

• FRC publishes conforming amendments to International Standards on Auditing

  The FRC has today updated the suite of ISAs (UK), which have been amended to include conforming amendments arising from the revision of several auditing standards in recent years.

  25 September 2025

• FRC publishes revised version of Actuarial Standard Technical Memorandum 1

  The Financial Reporting Council (FRC) has today published a revised version of Actuarial Standard Technical Memorandum 1 (AS TM1).

  9 February 2024

• FRC updates the Ethical Standard for Auditors

  The FRC has today published an update to its Ethical Standard for auditors, effective from 15 December 2024.

  15 January 2024

• 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

• 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

• 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

• Sanctions against KPMG LLP, KPMG Audit plc and two former partners

  This Press Notice concerns the outcomes of investigations into the relevant Statutory Auditor(s). No part of this announcement should be treated as making any findings in respect of the conduct of any other persons or entities.

  12 October 2023

• FRC sets out reporting expectations amidst ongoing economic uncertainty

  The Financial Reporting Council (FRC) has today published its reporting expectations for companies amidst a period of high interest rates, persistent inflation and ongoing economic uncertainty.

  5 October 2023

• FRC Publishes Revised ISA (UK) 505 External Confirmations

  3 October 2023

• REMINDER: FRC’s Ethical Standard Webinar

  2 October 2023

• Periodic review of UK and Ireland accounting standards – project update

  29 September 2023

• UKEB Publishes User Survey on Accounting for Intangibles

  28 September 2023

• UK and New Zealand audit authorities agree mutual recognition of audit qualifications

  27 September 2023

• Webinar and Roundtable Invitation: FRC’s Ethical Standard consultation

  25 September 2023