News July 2016



5 August 2021
As part of the next periodic review of UK and Ireland accounting standards, the FRC is seeking views from a wide range of stakeholders about the type of areas they would like to be considered for review. This may include new issues or transactions that should be addressed, or ...
News - Accounting - Auditing - Corporate Reporting - Financial Reporting
5 August 2021
The Financial Reporting Council (“FRC”) today announces sanctions against KPMG LLP (KPMG) and David Costley-Wood, formerly a partner and Head of KPMG Manchester Restructuring. This follows a referral from The Pensions Regulator and an investigation undertaken pursuant to the A...
News - Accounting - Discipline
30 July 2021
The FRC has today issued a feedback statement following publication of its thought leadership paper on the Future of Corporate Reporting. There were over 75 responses to the consultation with the majority of respondents welcoming the FRC’s initiative.
News - Accounting - Auditing - Corporate Reporting - Financial Reporting
29 July 2021
The Financial Reporting Council has today published its third Annual Enforcement Review.  ​ The report reveals the FRC’s Enforcement Division has grown by 44% in the last year, to enable the swifter resolution of cases, while the number of investigations opened also increased.
News - Accounting - Auditing - Discipline - Financial Reporting
28 July 2021
The Lab has released its second newsletter for 2021.   In this issue the team reflect on the work it has completed over the past few months, provide updates on the Lab’s ongoing and future projects and welcome new team members to the Lab!
News - Corporate Reporting
27 July 2021
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...
News - Actuarial - Risk
23 July 2021
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...
News - Accounting - Auditing - Corporate Governance - Corporate Reporting - Financial Reporting
23 July 2021
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...
News - Accounting - Audit Monitoring - Auditing
22 July 2021
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...
News - Discipline
20 July 2021
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...
News - Corporate Governance