News

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

340 pages found.

• In Conversation: An update on Local Audit

  In this In Conversation podcast episode, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Sarah Rapson, Executive Director of Supervision, sit down to explore the Financial Reporting Council's role as the system leader, the rece

  26 September 2024

• Survey Response Deadline Extended: IFRS 18 Presentation and Disclosure in Financial Statements

  Issued on behalf of the UKEB: To aid its endorsement work, the UKEB launched surveys for UK users of accounts and preparers to gather their views on IFRS 18. The deadline for stakeholder responses has now been extended to 30 September 2024.

  11 September 2024

• FRC welcomes legislation to restore timely financial reporting and audit

  The Financial Reporting Council welcomes the Government tabling legislation in Parliament on 9 September 2024 to address the significant delays in local authority audits. This follows the Written Ministerial Statement issued on 30 July 2024.

  10 September 2024

• FRC launches market study on NHS audit market

  The Financial Reporting Council (FRC) has today announced the launch of a comprehensive market study into the audit market for NHS providers and Integrated Care Boards (ICBs). This initiative is in response to growing concerns about difficulties NHS bodie

  25 July 2024

• UK Sustainability Disclosure TAC Public Meeting May 2024: Agenda Papers and Registration

  The UK Sustainability Disclosure TAC public meeting will be held on 31 May 2024 at 10.00 hrs.

  24 May 2024

• Webinar Reminder: FRC revisions to FRS 102 - UK & Ireland accounting standards

  The Financial Reporting Council (FRC) invites stakeholders to attend an upcoming webinar on its recent revisions to FRS 102 on Wednesday 15 May 2024, 11:00-12:00 (BST).

  25 April 2024

• UK and Australia audit authorities sign mutual recognition agreement in further boost to UK audit market

  The UK’s Financial Reporting Council (FRC) and the Australian Securities and Investment Commission (ASIC) have today announced a Memorandum of Understanding on Reciprocal Arrangements (MOURA) making it easier for auditors to work between both countries.

  28 March 2024

• FRC welcomes Bill Butler’s appointment as Chair of Public Sector Audit Appointments

  The Financial Reporting Council (FRC) has today welcomed the appointment of Bill Butler as the new Chair of Public Sector Audit Appointments Limited (PSAA) who takes over from Steve Freer on 1 April 2024.

  1 March 2024

• FRC welcomes the appointment of Owen Mapley as the CEO of CIPFA

  16 February 2024

• FRC Launches Consultation on Draft Plan and Budget for 2024-25

  The Financial Reporting Council (FRC) has today launched a consultation on its plan and budget for 2024-25 which sets out its priorities and resources for next year.

  15 December 2023

• FRC announces areas of supervisory focus for 2024/25

  The Financial Reporting Council (FRC) has today announced its areas of supervisory focus for 2024/25, including priority sectors, for corporate reporting reviews and audit quality inspections.

  6 December 2023

• Statement: FRC policy update

  The FRC notes that in His Majesty’s Speech to Parliament today the Government’s plan for primary legislation to modernise the regulation of audit, corporate reporting and governance has not been prioritised for the next Parliamentary session. Whilst disappointing, we are pleased that as recently as the 16th October the Government restated its continued commitment to reform and bringing forward legislation when Parliamentary time allows. There is broad stakeholder consensus that this reform continues to be necessary to restore investor and public trust following the very damaging collapse of several high-profile businesses including Carillion, BHS and Thomas Cook.

  7 November 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

• REMINDER: FRC’s Ethical Standard Webinar

  2 October 2023

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

  29 September 2023