News

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

1735 pages found.

  • Roundtable invitation: Future of Audit Supervision Strategy

    The Financial Reporting Council (FRC) invites stakeholders to take part in roundtables to discuss our Future of Audit Supervision Strategy (FASS). The FRC is keen to hear from those involved in the audit landscape, including auditors, their professional b

    22 May 2025

  • FRC publish further supporting materials as part of SME audit campaign

    As part of its campaign to support small and medium-sized enterprises (SMEs) access audit services, the Financial Reporting Council (FRC) has today released further supporting material to help SMEs confidently and effectively engage with the annual audit

    20 May 2025

  • FRC publishes stakeholder insights on future of UK digital reporting

    The Financial Reporting Council (FRC) today unveiled insights from its discussion paper on "Opportunities for Future UK Digital Reporting,” revealing stakeholder support for digital reporting and the collaborative approach needed to address the challenges

    15 May 2025

  • FRC study provides insights for NHS audit market reform

    The Financial Reporting Council (FRC) has today published its final report from its market study into the audit market for NHS providers and Integrated Care Boards (ICBs) providing insight to support government’s reform of the wider local audit system.

    14 May 2025

  • Webinar: International Standard on Auditing for Less Complex Entities

    The FRC invites stakeholders to join an upcoming webinar where the ‘International Standard on Auditing for Audits of Financial Statements of Less Complex Entities’ (ISA for LCE) will be discussed.

    12 May 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

  • Notice of disciplinary tribunal

    The Disciplinary Tribunal of the Financial Reporting Council will hold a hearing commencing on Monday 12 May 2025 at 10.00 to consider the Formal Complaint of ­the Executive Counsel to the Financial Reporting Council (“FRC”) under the Accountancy Scheme

    6 May 2025

  • FRC publishes 2024/25 insights on structured digital reporting

    The Financial Reporting Council (FRC) has today published its annual review of structured digital reporting, highlighting key areas for improvement in how UK listed companies present their digital annual reports.

    28 April 2025

  • In Conversation: Transforming access to company data

    In the latest FRC ‘In Conversation’ podcast episode, Adam Mohamed, Head of Communications, discusses the recently launched digital reporting ‘Viewer’, a new free tool designed to improve access to structured company reporting data, with Phil Fitz-Gerald,

    22 April 2025

  • In Conversation: Discussing the FRC's end-to-end enforcement process review

    In our latest ‘In Conversation’ podcast, Kate O’Neill, Director of Stakeholder Engagement and Corporate Affairs, Sarah Rapson, Executive Director of Supervision, and Elizabeth Barrett, Executive Counsel and Executive Director of Enforcement, discuss the Financial Reporting Council’s (FRC) end-to-end enforcement process review, as referenced in its 3-Year Strategy. They discuss the reasons for launching the review now, the key issues the review is considering, and the importance of this work to stakeholders - including plans for upcoming roundtables.

    17 April 2025

  • Investigation regarding the audits of Post Office Limited by Ernst & Young LLP

    This Press Notice concerns the opening of an investigation into one or more Statutory Auditor(s) and/or Statutory Audit Firm(s). The investigation does not relate to any persons or entities other than the relevant Statutory Auditor(s) and/or Statutory Audit Firm(s) and it would not be fair to treat any part of this announcement as constituting or evidencing an investigation into any other persons or entities.

    16 April 2025

  • FRC introduces quarterly consultation schedule

    The Financial Reporting Council (FRC) has today announced the introduction of a quarterly consultation release schedule. This schedule is intended to deliver greater consistency and provide clarity for stakeholders – enabling them to anticipate, prepare f

    15 April 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