News

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

235 pages found.

• Investigation regarding the audits of Stenn by Azets and Deloitte

  This Press Notice concerns the opening of investigations into one or more Statutory Auditor(s) and/or Statutory Audit Firm(s)1. The investigations do not relate to any persons or entities other than the relevant Statutory Auditor(s) and/or Statutory Audit

  10 July 2025

• Sanctions against KPMG LLP and Nick Plumb

  Executive Counsel to the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure against KPMG LLP (KPMG) and Nick Plumb (audit engagement partner) and imposed Sanctions as a result of th

  12 June 2025

• Sanctions against Sean Robert Clark in relation to the operations and investment activities of Thurrock Council

  The Executive Counsel of the Financial Reporting Council (FRC) has agreed terms of settlement with Sean Robert Clark, following his admission of Misconduct, in relation to his role in the operations and investment activities of Thurrock Council for the fi

  8 May 2025

• Sanctions against Ernst & Young LLP and Mr Christopher Voogd

  The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure against Ernst & Young LLP (EY) and Christopher Voogd (the audit engagement partner) and imposed sanctions in

  14 April 2025

• Sanctions against Ernst & Young LLP and Richard Wilson

  The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure and imposed sanctions on Ernst & Young LLP (EY) and Richard Wilson (Mr Wilson), audit engagement partner, in

  10 April 2025

• Investigation regarding the audit of Home REIT plc by BDO LLP

  The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by BDO LLP of the consolidated financial statements of Home REIT plc for the year ended 31 August 2021.

  8 April 2025

• Sanctions against PricewaterhouseCoopers LLP and Jonathan Hinchliffe

  The Executive Counsel of the Financial Reporting Council (“FRC”) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure and imposed sanctions against PricewaterhouseCoopers (“PwC”) and Jonathan Hinchliffe (“Mr Hinchliffe”) in

  25 March 2025

• Investigation regarding the audit of ISG Limited by MacIntyre Hudson LLP

  The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by MacIntyre Hudson LLP of the consolidated financial statements of ISG Limited for the year ended 31 December 2022.

  18 March 2025

• Investigation regarding an audit by Ernst & Young LLP

  The Financial Reporting Council (‘FRC’) has commenced an investigation into the audits conducted by Ernst & Young LLP of the consolidated financial statements of a Public Interest Entity (as defined in the Audit Enforcement Procedure) and a related non-PI

  13 March 2025

• Investigation regarding the conduct of two individual accountants in relation to Woking Borough Council’s operations and investment activities

  The Financial Reporting Council (“FRC”) has commenced an investigation under the Accountancy Scheme into the conduct of two individual accountants in relation to their compliance with governance, reporting, regulations and professional standards in respec

  13 February 2025

• Investigation regarding the audit of Entain plc by KPMG LLP

  The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by KPMG LLP of the consolidated financial statements of Entain plc for the year ended 31 December 2022.

  20 January 2025

• Sanctions against Crowe UK LLP and Nigel Bostock

  The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure and imposed sanctions against Crowe UK LLP (Crowe) and Nigel Bostock, in relation to the statutory au

  10 December 2024

• Sanctions against Amanda Nightingale (née Cleaver)

  The Executive Counsel of the Financial Reporting Council (FRC) has entered into a Settlement Agreement with Ms Nightingale, under the terms of the Accountancy Scheme and imposed significant sanctions in respect of her conduct in her role as the Senior Man

  14 November 2024

• 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