News August 2021



17 November 2021
The growing importance of ESG in investment management, stewardship and engagement has become a crucial element of investment strategy. The Financial Reporting Council (FRC) is the owner of the UK’s Stewardship Code which sets best-practice principles for asset managers, asset...
News - Corporate Governance
16 November 2021
the FCA and the FRC have jointly written to Chief Executive Officers of issuers in scope of the requirements to remind them of their obligations. The letter also sets out expectations on quality and identifies actions the FRC and FCA may take in the event of their expectations...
News - Corporate Reporting
16 November 2021
A new report from the Financial Reporting Council (FRC) has set out the key elements required by audit firms to ensure they are delivering high quality audit.   The FRC’s report, What Makes a Good Audit?, highlights the six key attributes that contribute to the running of hi...
News - Accounting - Assurance - Audit Monitoring - Auditing - Financial Reporting
12 November 2021
The FRC has today published a new FRC staff factsheet, Climate-related matters, part of a series that accompanies FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.  
News - Accounting - Corporate Reporting - Financial Reporting - Narrative Reporting
1 November 2021
The FRC has issued a Final Decision Notice and imposed sanctions against Grant Thornton UK LLP (Grant Thornton) and Simon Lowe, Audit Engagement Partner (together, the Respondents), in relation to the statutory audits of the 2015-2017 financial statements of Interserve plc (in...
News - Accounting - Audit Monitoring - Auditing - Discipline
29 October 2021
The FRC invites you to its upcoming webinar on this year’s Annual Review of Corporate Reporting and end of year bulletin of key matters for preparers.
News - Accounting - Auditing - Corporate Reporting
29 October 2021
The Financial Reporting Council (FRC) has today published its inspection findings into the quality of major local body audits in England (which includes large health and local government bodies) for the financial year ended 31 March 2020.
News - Accounting - Audit Monitoring - Auditing
28 October 2021
The Financial Reporting Lab (the Lab) has published a report to help companies prepare for mandatory TCFD reporting.  It includes practical advice and examples that better address aspects of TCFD reporting from those companies already adopting the framework on a voluntary basi...
News - Corporate Reporting
27 October 2021
The Financial Reporting Council (FRC) has today published its Annual Review of Corporate Reporting, which outlines the FRC’s ‘top ten’ areas where improvements to reporting are required. These include reporting on judgements and estimates, revenue and cash flow statements.
News - Accounting - Audit Monitoring - Auditing - Corporate Governance - Corporate Reporting - Financial Reporting - Going Concern
22 October 2021
The Financial Reporting Council (FRC) has today published its annual report to the Secretary of State for Business, Energy, and Industrial Strategy (BEIS) on how the FRC has discharged its oversight responsibilities in 2020/21.
News - Accounting - Auditing