News February 2017


18 June 2018
A summary of the findings from the event that took place on 24 April is now available here.
News - Accounting - Corporate Reporting - Financial Reporting
13 June 2018
The Financial Reporting Council, on behalf of James Wates CBE, has published a consultation on corporate governance principles for large private companies. Development of the principles follows the Government’s 2016 Green Paper and the BEIS Select Committee’s report of April 2...
News - Corporate Governance
12 June 2018
The Financial Reporting Council (FRC) has sanctioned PriceWaterhouseCoopers (PwC) and audit partner Steve Denison in relation to the 2014 audits of BHS and the Taveta Group (Taveta) following an investigation under the Accountancy Scheme opened in June 2016.
News - Discipline
12 June 2018
FRC Briefing setting out the current ‘hot topics’ of its Corporate Reporting Review function
News - Accounting - Actuarial - Auditing - Corporate Governance - Corporate Reporting - Financial Reporting
11 June 2018
The Financial Reporting Council (FRC) has fined and reprimanded the audit firm KPMG LLP and the Audit Engagement Partner William Smith following their admission of Misconduct in relation to the audit of the financial statements of Quindell plc for the period ended 31 December ...
News - Auditing - Discipline
6 June 2018
Responding to Sir John Kingman’s call for evidence in his independent review of the Financial Reporting Council’s (FRC) operations, Sir Win Bischoff, Chairman of the FRC said:
News - Structure
31 May 2018
Sir Win Bischoff, Chairman FRC, speaks in support of The Lord Mayor, Charles Bowman's 'Business of Trust' agenda.
News - Corporate Governance - Ethics - Investor Stewardship
31 May 2018
Following an investigation into Autonomy’s financial reporting between 1 January 2009 and 30 June 2011, the Executive Counsel of the Financial Reporting Council (FRC) has delivered formal complaints under the Accountancy Scheme in connection with the conduct of the auditors De...
News - Accounting - Auditing - Discipline
30 May 2018
FRC publishes feedback statement on Third Country Auditors (Fees) instrument 2018 consultation
News - Accounting - Auditing
16 May 2018
Given the clear public interest in this matter, the Financial Reporting Council (FRC) is providing an update on its investigation into Carillion. The main areas of focus for the investigations of KPMG’s audit of Carillion (2014 – 2017) and of two finance directors Richard Adam...
News - Auditing - Discipline