News

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

227 pages found.

• Sanctions against Ernst & Young LLP

  The Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice to Ernst & Young LLP (EY UK) under the Audit Enforcement Procedure and imposed sanctions in respect of a breach of the FRC’s Revised Ethical Standard 2019, namely exceedin

  7 August 2024

• Sanction against Sushovan Hussain in relation to Autonomy Corporation Plc

  The Executive Counsel to the Financial Reporting Council (FRC) has agreed terms of settlement with Sushovan Hussain following admissions of Misconduct as a result of his conviction in the USA during April 2018 on 16 counts of fraud relating to his conduct

  11 July 2024

• Sanctions against MacIntyre Hudson LLP, Deborah Weston and Geeta Morgan

  The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure (AEP) and imposed sanctions against MacIntyre Hudson LLP (MHA), Deborah Weston (Ms Weston) a former partner

  9 July 2024

• Investigation regarding an audit by Maclntyre Hudson LLP

  The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by Maclntyre Hudson LLP of the financial statements of a Public Interest Entity (as defined in the Audit Enforcement Procedure) for the year ended 31

  16 May 2024

• Sanctions against Crowe U.K. LLP

  Pursuant to the Crown Dependencies Recognised Auditor Sanctions Procedure, the FRC’s Enforcement Committee (the “Committee”) has concluded that Crowe U.K. LLP failed to comply with the Regulatory Framework for Auditing in its audit of Aseana Properties Li

  14 May 2024

• Publication of Final Settlement Decision Notices in respect of KPMG and two former partners

  Following the previous announcement on 12 October 2023 of the enforcement action taken relating to KPMG’s audits of Carillion plc, the FRC has today published the two full Final Settlement Decision Notices.

  9 May 2024

• Sanctions against three audit firms over the audits of London Capital & Finance plc

  The Executive Counsel of the Financial Reporting Council (“FRC”) has issued Final Settlement Decision Notices under the Audit Enforcement Procedure and imposed sanctions against three audit firms as a result of her investigation of the audits of London Ca

  7 May 2024

• Sanctions against Grant Thornton UK LLP

  Pursuant to the Auditor Regulatory Sanctions Procedure, and following an inspection by the Financial Reporting Council (FRC)’s Audit Quality Review (AQR) team, the FRC’s Enforcement Committee (Committee) has concluded that Grant Thornton UK LLP failed to

  8 April 2024

• Sanctions against KPMG LLP and audit partner

  The Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure and imposed sanctions against KPMG and Adrian Wilcox (the audit engagement partner) in respect of their statutory audit of M&C

  4 March 2024

• Investigation regarding the conduct of a Member in relation to Thurrock Council’s operations and investment activities

  This Press Notice concerns the opening of an investigation into the relevant Member. The investigation does not relate to any persons other than the relevant Member and it would not be fair to treat any part of this announcement as constituting or evidenc

  3 January 2024

• 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 resolves record number of enforcement cases

  27 July 2023

• Sanctions against PricewaterhouseCoopers LLP and audit partner

  29 June 2023

• Sanctions against KPMG LLP and former audit partner

  29 June 2023

• Investigation regarding the audit of Joules Group plc by Deloitte LLP

  9 May 2023