News August 2021

News

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7 October 2021
A review by the Financial Reporting Council (FRC) into the use of Alternative Performance Measures (APMs) by UK-listed companies has found that companies need to be more transparent about their use, and linkage to their IFRS or UK GAAP results (GAAP results).  
News - Accounting - Auditing - Corporate Reporting - Financial Reporting
6 October 2021
The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by Mazars LLP of the consolidated financial statements of French Connection Group plc for the year ended 31 January 2020.
News - Accounting - Auditing
4 October 2021
The Financial Reporting Council (FRC) has commenced an investigation in relation to the audits conducted by Crowe UK LLP of the financial statements of Akazoo Limited for the years ended 31 December 2016, 2017 and 2018.
News - Accounting - Auditing - Discipline
1 October 2021
​The FRC will be hosting a joint outreach event with the IASB to discuss the IASB's proposals for a comprehensive, objectives-based framework for management commentary to better meet global capital market needs and to facilitate high-quality, globally consistent narrative repo...
News - Accounting - Auditing - Corporate Reporting - Financial Reporting - Narrative Reporting
29 September 2021
The Financial Reporting Lab (Lab) is inviting companies, service and systems providers, investors and other interested parties to participate in a new project looking at how companies produce ESG data. Contact the Lab at financialreportinglab@frc.org.uk by 15 November 2021 if ...
News - Corporate Reporting
27 September 2021
The Financial Reporting Council (“FRC”) has imposed sanctions against Grant Thornton UK LLP (“GT”) and David Newstead (“Mr Newstead”), Audit Engagement Partner, in relation to their audit of Patisserie Holdings Plc for the financial years ended 30 September 2015, 2016 and 2017...
News - Accounting - Auditing - Discipline
24 September 2021
The Financial Reporting Council (FRC) has today published the latest list of companies whose reports and accounts have been reviewed by its Corporate Reporting Review function.
News - Accounting - Auditing - Corporate Governance - Corporate Reporting - Financial Reporting
23 September 2021
The Financial Reporting Council invites you to a webinar and a roundtable to discuss the FRC’s consultation on proposals to update and strengthen the Audit Firm Governance Code. The proposals to strengthen the Audit Firm Governance Code will embed a continued focus on the publ...
News - Accounting - Auditing
23 September 2021
The FRC has today published FAQs on International Sustainability Standards Setting. The purpose of the FAQs is to inform UK company stakeholders of developments in sustainability standard setting by the International Financial Reporting Standards Foundation (IFRS Foundation). ...
News - Accounting - Auditing - Corporate Governance - Corporate Reporting - Financial Reporting
22 September 2021
The Financial Reporting Council (FRC) has today published the findings of its review of companies’ viability and going concern disclosures which found there were several areas where viability and going concern reporting could be improved.  
News - Accounting - Corporate Reporting - Financial Reporting - Going Concern
   
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