News August 2018



7 August 2019
In this episode Jo Morgan and Mark Mainwaring of the FRC discuss the latest Audit Quality Review inspection results and what audit firms need to do to improve the quality of their work.
News - Audit Monitoring - Auditing
5 August 2019
2 August 2019
The FRC has today opened a consultation on the draft Streamlined Energy & Carbon Reporting (SECR) Taxonomy.
News - Accounting - Corporate Reporting
1 August 2019
The FRC has today launched a consultation proposing limited revisions to the Client Assets Assurance Standard, which provides requirements and guidance for auditors who are required to report to the Financial Conduct Authority on an entity’s compliance with the CASS Rules.
News - Auditing
1 August 2019
The Financial Reporting Council (FRC) today announces sanctions against KPMG Audit Plc and a partner Richard Hinton, in relation to their Client Assets Reports in respect of The Bank of New York Mellon London Branch and The Bank of New York Mellon (International) Ltd (“BNY Mel...
News - Auditing - Discipline
31 July 2019
The Financial Reporting Council (FRC) has today issued its first Annual Enforcement Review which reveals a significant increase in sanctions and settlements.   
News - Accounting - Actuarial - Audit Monitoring - Auditing - Corporate Reporting - Discipline - Ethics - Financial Reporting
24 July 2019
The FRC has written to the six largest audit firms setting out its expectations for reporting of non-financial conduct to the FRC as part of its Audit Firm Monitoring and Supervision (AFMAS) responsibilities. 
News - Audit Monitoring - Auditing
18 July 2019
The Financial Reporting Council (FRC) has announced appointments of the Chair of the Corporate Reporting Council and of a member to the Audit & Assurance Council.
News - Accounting - Assurance - Audit Monitoring - Auditing - Corporate Reporting
15 July 2019
The FRC proposes to set more stringent ethical rules for auditors, in response to findings from recent audit enforcement cases and from audit inspections. In response to feedback from investors, the FRC also proposes to enhance the quality and content of auditor’s reports in o...
News - Auditing
12 July 2019
The Risk Coalition has just issued a consultation on the Principles and guidance for board risk committees and risk functions in the UK financial services sector. 
News - Risk