News

The Financial Reporting Council (FRC) has updated its guidance for companies in relation to interim results. Please see here.

FRC Issues editorial updates to 2018 Guidance on the Strategic Report (May 2020 Update)

The FRC is maintaining business as usual as much as possible across our range of activities during the Covid 19 crisis. Our staff continue to work from home. We will follow advice from health professionals and continue to observe Government guidelines on social distancing. We ...

In this episode Jen Sisson, the FRC's Deputy Director of Investor and Stakeholder Engagement, speaks with Will Boyack to discuss how the FRC's engagement is influencing its guidance for companies, investors and auditors during the Covid-19 pandemic. 

Tools for flagging signs of poor quality audits should be used more effectively so timely corrective action can be taken, according to a major review of their use by the Financial Reporting Council (FRC).

The FRC welcomes the release of the International Auditing and Assurance Standards Board’s (IAASB), exposure draft of proposed International Standard on Auditing (ISA) 600 (Revised), Special Considerations – Audits of Group Financial Statements (Including the Work of Component...

On 15 April 2020 the Financial Reporting Council (FRC) opened an investigation into the audit by Ernst and Young LLP of the financial statements of NMC Health plc (“NMC”) for the year ended 31 December 2018. The investigation will be conducted by the FRC’s Enforcement Division...

The Financial Reporting Council continues to make progress on our journey towards becoming the Audit Reporting and Governance Authority (ARGA) by taking forwards work on the recommendations of the Independent Review of the FRC, The Competition and Markets Authority (CMA) revie...

The FRC has published a draft of its response to IASB’s Covid-19-Related Rent Concessions Proposed Amendment to IFRS 16. Consultation timelines have been compressed due to the urgency of this project, so comments are requested no later than 5pm on Monday 4 May 2020.

The Financial Reporting Lab has released its first newsletter for 2020. It highlights the recently published Covid-19 infographic and invites investors to complete a survey on what information they might be want companies to prioritise given the current circumstances.