News

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.

The UK Endorsement Board (UKEB) invites stakeholders to an interactive panel discussion on the IASB’s Third Agenda Consultation. This is a key opportunity for UK stakeholders to help shape the future of financial reporting.

The FRC has today published the FRC Statement of Intent on Environmental, Social and Governance challenges. This paper sets out areas in which there are issues with ESG information if companies are to report in a way that meets the demands of stakeholders, how to address some ...

The UK Endorsement Board (UKEB) invites stakeholders to an interactive panel discussion on the IASB’s Third Agenda Consultation.

The Financial Reporting Council (FRC) has today announced the appointment of Hannah Nixon and Ruwan Weerasekera as Non-Executive Directors (NEDs) to the FRC Board.

The Financial Reporting Council (“FRC”) has commenced an investigation into PwC LLP in relation to its audit of the consolidated financial statements of Wyelands Bank plc for the year ended 30 April 2019. The decision was made at a meeting of the FRC’s Conduct Committee on...

The Financial Reporting Council (FRC) has commenced an investigation into Saffery Champness in relation to its audit of the financial statements of Greensill Capital (UK) Limited for the year ended 31 December 2019.

Today the FRC issued Amendments to FRS 102 and FRS 105 – COVID-19-related rent concessions beyond 30 June 2021 (PDF). These amendments extend the application of requirements that cover the accounting treatment of temporary rent concessions occurring as a direct consequence of ...

Workforce engagement lies at the heart of good corporate governance. The FRC commissioned research by Royal Holloway, University London and the Involvement and Participation Association. The FRC will host a webinar on 10 June at 2pm to explore the main findings of the research...