News

The Joint Forum on Actuarial Regulation (JFAR), which is comprised of key UK actuarial regulators, has today published its annual Risk Perspective to highlight JFAR’s collective view of risks to high quality actuarial work. This year’s risk perspective has identified climate-r...

The Financial Reporting Council (FRC) has today published its Annual Report and Accounts. This looks at the progress made over 2020/21 and the next steps in delivering a programme of transformation towards the new robust and independent regulator, The Audit, Reporting and Gove...

The Financial Reporting Council (FRC) has today published its annual inspection and supervision results for 2020/21 covering the seven largest audit firms: BDO, Deloitte, EY, Grant Thornton, KPMG, Mazars and PwC. The 2020/21 results show that nearly one third of audits inspect...

The Financial Reporting Council (“FRC”) operates the Audit Enforcement Procedure (“AEP”). The FRC has reviewed the AEP and intends to amend it. Through this consultation, the FRC seeks feedback and comment on these proposed amendments.  The FRC would particularly welcome th...

There has been a step change over the past decade with UK Listed company boards becoming more diverse than ever before, primarily as a result of the Hampton Alexander review and more recently the Parker review.   The research published today by the FRC in conjunction with Lo...

The Financial Reporting Lab (the Lab) has today published its latest report on reporting on stakeholders, decisions and Section 172. The report highlights that information on stakeholders and on decisions can help investors understand how a company is progressing in fulfilling...

Join the FRC in partnership with London Business School Leadership Institute and SQW on July 21st, from 2pm-3pm, to launch the ‘Board Diversity and Effectiveness in FTSE 350 Companies’ research report. Diversity is a powerful force and contributes to the success of societies a...

New data from the Financial Reporting Council (FRC) has revealed the challenger audit firms have increased their share of FTSE 250 audits, up from 4.8% to 7.6%, however all FTSE 100 companies continue to be audited by a Big Four firm. The FRC’s latest Key Facts and Trends in t...

The Financial Reporting Council (FRC) has today announced the appointment of Sarah Rapson as the new Executive Director, Supervision.

The Financial Reporting Council (FRC) has today issued revised quality management standards for an audit firm’s responsibilities to design, implement and operate a system of quality management.