News January 2014



14 January 2020
The FRC has today released eight updated ISAs (UK), amended to include conforming amendments arising from the revision of ISA (UK) 540 (Revised) – Auditing Accounting Estimates and Related Disclosures.
News - Accounting - Auditing
10 January 2020
Update on FRC investigations in relation to Carillion
News - Accounting - Auditing
9 January 2020
The FRC has today welcomed the Chartered Institute of Internal Auditors new Internal Audit Code of Practice issued today to enhance the overall effectiveness of internal audit. 
News - Auditing - Corporate Governance - Corporate Reporting - Financial Reporting - Risk
9 January 2020
Companies need to improve their governance practices and reporting if they are to demonstrate their positive impact on the economy and wider society, according to a new report from the Financial Reporting Council (FRC).
News - Corporate Governance - Corporate Reporting - Financial Reporting - Risk
20 December 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
19 December 2019
The Financial Reporting Council (FRC) has issued an update of its Practice Aid to assist audit committees in evaluating audit quality in their assessment of the effectiveness of the external audit process.  
News - Auditing
19 December 2019
The matters being investigated by the Financial Reporting Council (FRC) concerning EY’s audit of the financial statements of Thomas Cook Group Plc (Thomas Cook) for the year ended 30 September 2018 will now include an investigation into EY’s audit of Thomas Cook’s financial st...
News - Discipline
18 December 2019
The letter was intended to share experience from the FRC's audit quality review (AQR inspections), and root cause analysis performed by audit firms on aspects of the audit process that are likely to affect the quality of audits.
News - Audit Monitoring
18 December 2019

News - Audit Monitoring - Auditing - Ethics - Structure
17 December 2019
The 2019 Streamlined Energy & Carbon Reporting (SECR) taxonomy is an addition to the FRC taxonomies suite to reflect the new reporting requirements for energy and carbon data introduced on 1st April 2019. The new requirements apply to all large companies and LLPs, as well as t...
News - Accounting - Financial Reporting