News August 2021



7 September 2021
Black Sun is hosting a webinar on September 17th, 2021 at 09:30am in partnership with the FRC that will explore what the consultation means for the FRC as it transitions into the Audit, Reporting and Governance Authority (ARGA). Attendee's will also hear about the next steps i...
News - Corporate Reporting - Financial Reporting
7 September 2021
As part of the next periodic review of UK and Ireland accounting standards, the FRC is seeking views from a wide range of stakeholders about the type of areas they would like to be considered for review.
News - Accounting - Corporate Reporting - Financial Reporting
6 September 2021
Today the Financial Reporting Council (FRC) published a list of successful signatories to the UK Stewardship Code (the Code) which sets high standards of stewardship for those investing money on behalf of UK savers and pensioners. The successful applicants better demonstrated ...
News - Corporate Governance
2 September 2021
The Financial Reporting Lab has published its latest project report on reporting on risks, uncertainties, opportunities and scenarios. It outlines what investors want to understand from corporate reporting on risks, uncertainties, opportunities and the use of scenarios.  It...
News - Financial Reporting
1 September 2021
The Financial Reporting Council’s (“FRC”) Executive Counsel has delivered a disciplinary Formal Complaint, under the Accountancy Scheme, against KPMG LLP, a former KPMG partner and certain current and former KPMG employees.   The Formal Complaint alleges Misconduct against K...
News - Accounting - Auditing - Discipline
27 August 2021
The FRC has today issued guidance for auditors on addressing potential exceptions when using data analytics in an audit.
News - Accounting - Auditing
27 August 2021
The draft FRC taxonomies 2022 suite has been issued on the Yeti taxonomy viewer for comment.
News - Accounting
26 August 2021
The Financial Reporting Council (FRC) has today announced a consultation on proposals to update and strengthen significantly the Audit Firm Governance Code in support of the FRC’s objectives to promote high-quality audit and audit market resilience.
News - Accounting - Auditing - Corporate Governance
25 August 2021

News - Corporate Reporting
25 August 2021
The Financial Reporting Council has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions against Ernst & Young LLP (“EY”) and the Audit Engagement Partner, Mark Harvey (the “Respondents”), in relation to the statutory audit of the consolid...
News - Accounting - Auditing - Discipline