News

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

1672 pages found.

• Big Four audit firms conclude transition period of operational separation

  The Financial Reporting Council (FRC) has today announced the four largest audit firms (Deloitte, EY, KPMG, PwC), have concluded the transition period of operational separation.

  10 October 2024

• Webinar Invitation: UK Corporate Governance Code 2024 - first reporting cycle preview

  The Financial Reporting Council invites stakeholders to attend an upcoming webinar on Thursday 24 October 2024, 13:30-14:30, on the key changes in the revised UK Corporate Governance Code ahead of its first reporting cycle, beginning 1 January 2025.

  9 October 2024

• FRC publishes updated actuarial guidance on the use of AI and Machine Learning

  The Financial Reporting Council (FRC) has today published revised Technical Actuarial Guidance: Models, to support the growing use of Artificial Intelligence and Machine Learning (AI/ML) techniques in actuarial work. The updated guidance aims to support p

  7 October 2024

• Webinar Invitation: Annual Review of Corporate Reporting 2023/24

  The Financial Reporting Council (FRC) invites stakeholders to attend an upcoming webinar on its recently published Annual Review of Corporate Reporting on Thursday 17 October 2024, 10:00-11:00.

  2 October 2024

• FRC publishes key accountancy and audit facts and trends report for 2024

  The Financial Reporting Council (FRC) has today released the 22nd edition of its Key Facts and Trends (KFAT) report, offering a comprehensive overview of the UK accountancy and audit landscape.

  30 September 2024

• UKEB issues draft comment letters on IASB exposure drafts

  Issued on behalf of the UKEB. The UK Endorsement Board (UKEB) has issued draft comment letters on two IASB exposure drafts - one on climate-related risks and uncertainties, and another on amendments to IFRS 19. It has also published a Draft Endorsement Cr

  27 September 2024

• FRC Letter: external private capital and audit firms

  The Financial Reporting Council (FRC) has issued a letter regarding its approach to external private capital in UK audit firms.

  26 September 2024

• 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

• FRC announces new Chief Operating Officer

  The FRC is pleased to announce the appointment of Vinita Hill as its new Chief Operating Officer. Vinita's extensive experience in the public sector will greatly benefit the FRC.

  25 September 2024

• FRC publishes Annual Review of Corporate Reporting

  The Financial Reporting Council (FRC) has today published its Annual Review of Corporate Reporting setting out the findings of its monitoring of UK companies’ annual report and accounts alongside its expectations for the upcoming reporting season.

  24 September 2024

• FRC publishes revised technical actuarial standards for the insurance sector

  The Financial Reporting Council (FRC) has today published version 2.0 of Technical Actuarial Standard 200 (TAS 200). These revisions are reflective of stakeholder feedback received throughout the FRC’s consultation, and aim to reflect developments in th

  20 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 issues September 2024 editions of UK and Ireland accounting standards

  The Financial Reporting Council (FRC) has today issued new September 2024 editions of UK and Ireland financial reporting standards.

  10 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

• In Conversation: Looking ahead to the first reporting cycle of the 2024 UK Corporate Governance Code

  Ahead of the first reporting cycle under the new 2024 UK Corporate Governance Code, listen to the latest 'In Conversation' podcast episode featuring Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Maureen Beresford, Acting Dir

  9 September 2024