News

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

262 pages found.

• FRC consults on temporary amendment to TCA directions

  The Financial Reporting Council (FRC) is consulting on a temporary amendment to its Third Country Auditor (TCA) policy. The proposed change would temporarily permit auditors of Chinese-registered entities listing Global Depositary Receipts (GDRs) in Londo

  16 February 2026

• FRC launches discussion paper on future technical development of UK digital reporting taxonomies

  The Financial Reporting Council (FRC) has today published a discussion paper on proposed technical changes to the UK XBRL Taxonomy Suite, inviting feedback from stakeholders across the digital reporting ecosystem.

  7 November 2025

• FRC proposes no significant amendments to AS TM1

  The Financial Reporting Council (FRC) has today issued a consultation on the Actuarial Standard Technical Memorandum 1 (AS TM1) which proposes no significant amendments to the standard.

  30 October 2025

• FRC Launches Consultation on Enhanced Enforcement Procedures as part of its end to end enforcement review

  The Financial Reporting Council (FRC) today launched a public consultation on proposed updates to its Audit Enforcement Procedure (AEP), as part of a comprehensive end-to-end review of its enforcement processes. The consultation runs until 9 January 2026

  1 October 2025

• FRC issues October consultations

  The Financial Reporting Council (FRC) has today issued four consultations as part of its scheduled October release, seeking stakeholder input on updates to its Audit Enforcement Procedure, revisions to audit and audit reporting standards, and a proposal t

  1 October 2025

• FRC launches consultation on enhanced auditing standards

  The Financial Reporting Council (FRC) has today launched a consultation on proposed revisions to three auditor reporting standards: ISA (UK) 700, ISA (UK) 701, ISA (UK) 720.

  1 October 2025

• FRC launches consultation on enhanced auditing standards to strengthen fraud detection and evaluation of going concern

  The Financial Reporting Council (FRC) has today launched a consultation on proposed revisions to two key auditing standards, dealing with the auditor’s responsibilities relating to fraud and going concern: ISA (UK) 240 (Revised) and ISA (UK) 570 (Revised)

  1 October 2025

• FRC takes action to support effectiveness of audit market for SMEs

  The Financial Reporting Council (FRC) has today published emerging findings from its market study examining how effectively the audit market serves small and medium-sized enterprises (SMEs) and has launched a consultation on new guidance to help auditors

  17 July 2025

• FRC issues July consultations

  The Financial Reporting Council (FRC) has today issued five consultations as part of its scheduled July release, seeking stakeholder input on a new Practice Note for auditing small and medium-sized enterprises (SMEs), the emerging findings of the FRC's SME audit market study, targeted amendments to FRS 102, the UK’s PIE Auditor Registration Regulations, and an updated taxonomies suite.

  17 July 2025

• Draft 2026 Taxonomy Suite published

  The FRC has published a draft version of the 2026 Taxonomy Suite.

  14 July 2025

• FRC Consultation Release: Introduction of International Standard on Sustainability Assurance (UK) 5000

  The Financial Reporting Council (FRC) has today issued a consultation on a proposed UK version of the International Standard on Sustainability Assurance (ISSA) 5000, “General Requirements for Sustainability Assurance Engagements”.

  29 May 2025

• Roundtable Invitation: SME Market Study

  The Financial Reporting Council (FRC) invites stakeholders to take part in roundtables throughout the consultation period of its small and medium-sized enterprises (SME) market study. The FRC is keen to hear from organisations and individuals involved in

  7 March 2025

• FRC publishes draft Strategy 2025-28

  The Financial Reporting Council (FRC) has today published a draft three year strategy for 2025-28 reaffirming its commitment to serving the public interest and supporting UK economic growth. Alongside the strategy, the FRC has also published a draft Plan

  17 December 2024

• FRC issues draft amendments to FRS 101 ‘Reduced Disclosure Framework’

  The Financial Reporting Council has today issued FRED 86 ‘Draft amendments to FRS 101 Reduced Disclosure Framework’ arising from of its annual review of FRS 101 for the 2024/2025 cycle.

  13 December 2024

• FRC publishes emerging findings from NHS audit market study

  The Financial Reporting Council (FRC) has today published initial feedback on its market study into the audit market for NHS providers and Integrated Care Boards (ICBs). Launched in July 2024 in response to growing concerns about challenges NHS bodies are

  12 December 2024