News

The Financial Reporting Council (FRC) has today called for improvements to corporate reporting in an open letter to all Audit Committee Chairs and Finance Directors. The letter reflects findings from the FRC’s Annual Review of Corporate Reporting 2018/19 (published today) and ...

The Financial Reporting Council (FRC) has today published the Settlement Agreement in respect of Misconduct admitted by Ross Howard in relation to Deloitte LLP’s audit of the financial statements of Serco Geografix Limited for the year ended 31 December 2012.

The largest accountancy firms have increased their share of the UK audit market with 100% of FTSE 100 companies now audited by the Big Four*, according to new research from the Financial Reporting Council (FRC).   The latest edition of Key Facts and Trends in the Accountancy...

The Financial Reporting Council (FRC) has today launched a substantial and ambitious revision to the UK Stewardship Code. The new Code substantially raises expectations for how money is invested on behalf of UK savers and pensioners. In particular, the new Code establishes a c...

Companies are falling short of investors’ expectations for clearer reporting on climate-related issues according to a new report Climate-related corporate reporting from the FRC Financial Reporting Lab (the Lab).

The audit and accountancy profession is lagging behind business* when it comes to the diversity of senior management according to new research by the Financial Reporting Council (FRC). The research has revealed one in three UK audit and accountancy firms do not even collect di...

The FRC issued a revised standard for the audit of Going Concern – ISA (UK) 570. As a result Bulletin 2008/10 Audit issues when financial market conditions are difficult and credit facilities may be restricted and Bulletin 2008/10 Going Concern Issues During the Current Ec...

The Financial Reporting Council (FRC) is undertaking a major project to inspire the future of corporate reporting and, as part of this project, is seeking stakeholders’ views to help shape and improve information for all users of corporate reports.

The Financial Reporting Lab has released its latest newsletter for Q3 2019.

Companies have responded positively to newly introduced reporting requirements for Revenue Recognition and Financial Instruments but there is still considerable scope for them to improve the quality of their annual report disclosures. The findings relate to three thematic revi...