News

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

1828 pages found.

• FRC introduces evolved approach to audit supervision

  The Financial Reporting Council (FRC), following extensive engagement with stakeholders, is introducing a major evolution of its audit supervisory model, introducing a more proportionate, effective and integrated framework designed to enhance audit qualit

  25 March 2026

• FRC announces measures to support small business growth

  The Financial Reporting Council (FRC) has today announced a package of measures to make audits more proportionate and efficient for small and medium-sized enterprises (SMEs), helping to support their growth and access to capital.

  24 March 2026

• FRC publishes interim guidance to support safeguarding auditors during transition to the FCA’s new supplementary regime

  The Financial Reporting Council (FRC) has today published new Interim Guidance on Payment and EMoney Safeguarding Assurance Engagements, providing support for safeguarding auditors as payment and e-money institutions prepare to transition to the Financial

  17 March 2026

• FRC publishes guidance to help investors and advisors recognise the value of flexible governance reporting

  The Financial Reporting Council (FRC) has today published updated guidance on 'comply or explain' reporting, designed to help investors, proxy advisors and other users of corporate reporting better understand and appreciate the value of companies that choose to depart from provisions of the UK Corporate Governance Code.

  16 March 2026

• Investigation regarding the conduct of two individual accountants in relation to Vistry Group Plc

  The Financial Reporting Council (“FRC”) has commenced an investigation under the Accountancy Scheme[5ed580] into the conduct of two individual accountants in relation to the forecasting and financial reporting of the business within the South Division of

  10 March 2026

• Financial Reporting Council publishes feedback statement on UK XBRL Taxonomy technical modelling proposals

  The Financial Reporting Council (FRC) has today published a feedback statement summarising responses to its discussion paper on proposed technical changes to the UK and Irish Digital Reporting Taxonomy Suite.

  5 March 2026

• Closure of investigation regarding an audit by Ernst & Young LLP

  The Financial Reporting Council today announces the closure of its investigation into the audits conducted by Ernst & Young LLP of the consolidated financial statements of a Public Interest Entity (PIE) and a related non-PIE entity for the years ended 31

  24 February 2026

• FRC maintains international alignment for companies applying adapted formats in financial statements

  The Financial Reporting Council (FRC) has today issued amendments to FRS 102 to provide companies with an updated framework when adapting the formats of their balance sheets and profit and loss accounts in their annual report and accounts.

  18 February 2026

• FRC consults on temporary amendment to TCA directions

  The Financial Reporting Council (FRC) is consulting on a temporary amendment to its Third Country Auditor (TCA) policy. The proposed change would temporarily permit auditors of Chinese-registered entities listing Global Depositary Receipts (GDRs) in Londo

  16 February 2026

• Financial Reporting Council Chair Sir Jan du Plessis to retire in September

  The Financial Reporting Council (FRC) has today announced that, having served as Chair of the FRC for the last four years, Sir Jan du Plessis has informed the Secretary of State for Business and Trade of his intention to step down from the role at the end of September 2026, when he will retire from corporate and public life.

  11 February 2026

• FRC proposes amendments to actuarial standard for new multi-employer CDC pension schemes

  The Financial Reporting Council (FRC) has today issued a consultation to ensure that Technical Actuarial Standard (TAS) 310, which underpins the fairness and transparency of collective defined contribution (CDC) pension schemes1, remains appropriate as th

  9 February 2026

• FRC confirms AS TM1 assumptions unchanged following annual review

  Following a consultation, the Financial Reporting Council (FRC) has today confirmed that no changes will be made to the actuarial assumptions in Actuarial Standard Technical Memorandum 1 (AS TM1), a key actuarial standard that supports actuarial practitio

  6 February 2026

• FRC publishes updated strategic report guidance

  The Financial Reporting Council (FRC) has today issued updated Guidance on the Strategic Report. This guidance has been developed to support all UK entities that prepare strategic reports under company law, and is intended to help entities address their r

  4 February 2026

• FRC to host digital reporting education events across UK

  The Financial Reporting Council (FRC) is hosting a series of Digital Reporting outreach events and associated hackathons in March and May 2026. These sessions support improved understanding of Digital Reporting using XBRL and the UK taxonomies, alongside

  2 February 2026

• Latest signatories announced ahead of transition to UK Stewardship Code 2026

  The Financial Reporting Council (FRC) has confirmed the final round of successful signatories to the UK Stewardship Code 2020. The Code now has 291 signatories representing £57.3 trillion assets under management, including 197 asset managers, 75 asset own

  28 January 2026