News

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

388 pages found.

• Large private companies continue to favour Wates Principles

  The Financial Reporting Council has today issued its second assessment of the quality of reporting from private companies who have chosen to follow the Wates Principles, introduced in 2018.

  12 August 2024

• FRC publishes latest Annual Enforcement Review

  The Financial Reporting Council (FRC) has today published its sixth Annual Enforcement Review (Review) which provides a summary of FRC enforcement activity for the year ending 31 March 2024.

  25 July 2024

• FRC Annual Report highlights continued progress in improving standards of audit, financial and corporate reporting to support UK corporate growth

  The Financial Reporting Council (FRC) has today published its Annual Report and Accounts for 2023/24. The report underscores the FRC’s ongoing commitment to improving audit quality and corporate reporting in the UK while adapting to evolving market needs

  24 July 2024

• FRC takes systemic look at barriers to competition in UK audit market

  The Financial Reporting Council (FRC) has today published a summary of key findings and potential actions from research it commissioned into barriers to entry and growth faced by audit firms in the UK.

  1 February 2024

• Review of reporting by the UK’s largest private companies

  The Financial Reporting Council (FRC) has today published its review of reporting by the UK’s largest private companies.

  31 January 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

• FRC publishes annual review of competition in the audit market

  The Financial Reporting Council (FRC) has today published an updated overview of competition in the UK's audit market for public interest entities (PIE).

  14 December 2023

• New FRC research highlights ongoing gender imbalance in actuarial profession

  The Financial Reporting Council has today published new research examining gender imbalance amongst actuaries in the UK, revealing ongoing barriers for women progressing in the profession.

  18 October 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

• FRED 84 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Supplier finance arrangements

  28 September 2023

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

  27 September 2023

• FRC welcomes record number of Stewardship Code signatories

  30 August 2023