News February 2016


2 July 2019
The Government has announced its Green Finance Strategy which recognises the role of the financial sector in delivering global and domestic climate and environmental objectives. In response, the FRC has issued a joint statement with other financial regulators, including the...
News - Corporate Governance - Corporate Reporting - Planning - Risk
28 June 2019
On reaching the conclusion of his term of office this month, Mark Armour will step down from the Board of the FRC. He has been a Board member and non-executive director since July 2012.
News - Corporate Governance - Financial Reporting
28 June 2019
The FRC has published the latest list of companies whose reports and accounts have been reviewed by its Corporate Reporting Review function.
News - Accounting - Corporate Reporting
24 June 2019
EFRAG would like to gain a better understanding of the impact of adopting IFRS 9 Financial Instruments and IFRS 17 Insurance Contracts on hedging strategies and practices. EFRAG seeks this information as part of its endorsement advice on IFRS 17 for the European Commission.
News - Accounting - Financial Reporting
13 June 2019
The Financial Reporting Council (FRC) has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions against PricewaterhouseCoopers LLP (“PwC”), and two partners Jaskamal Sarai and Arif Ahmad, in relation to the statutory audits of the financial...
News - Audit Monitoring - Auditing - Discipline
5 June 2019
The FRC has conducted a review of the assumptions set within Actuarial Standard Technical Memorandum 1 (AS TM1) that are mandated for use in the annual Statutory Money Purchase Illustrations (SMPIs) received by people saving for retirement in defined contribution pension plans...
News - Actuarial
4 June 2019
The Department of Business, Energy and Industrial Strategy is advertising for a Chair of the new United Kingdom Accounting Standards Endorsement Board (UKEB).
News - Accounting - Actuarial - Assurance - Audit Monitoring - Auditing - Planning
31 May 2019
Actuarial Statement of Recommended Practice 1: Financial Analysis of Social Security Programmes (ASORP 1)  The FRC has today published ASORP 1 (Actuarial Statement Of Recommended Practice 1).  ASORP 1 promotes high quality technical actuarial work where actuaries are perform...
News - Actuarial
24 May 2019
The Financial Reporting Council (FRC) has appointed David Rule to a newly established position as Executive Director of Supervision.
News - Accounting - Audit Monitoring - Auditing - Corporate Governance - Corporate Reporting - Financial Reporting
24 May 2019
Today the FRC issued Amendments to FRS 102 – Multi-employer defined benefit plans. 
News - Accounting - Assurance