News July 2016

News

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8 December 2020
The FRC has undertaken a new analysis of its audit quality inspection results to identify recurring themes requiring audit firms’ attention, examples of good practice and to correlate these results with root cause analysis undertaken by the largest UK audit firms.
News - Accounting - Auditing
4 December 2020
The FRC has today published consolidated covid-19 guidance for companies and auditors. The consolidated guidance supersedes all previous FRC guidance for companies and auditors.  
News - Accounting - Auditing - Corporate Governance - Corporate Reporting - Financial Reporting - Going Concern
2 December 2020
Compelling new research commissioned by the Financial Reporting Council (FRC) has shown that the development of standards for audit committees would support a more consistent approach to promoting audit quality. The research, conducted by YouGov, involved interviews with Audit...
News - Accounting - Auditing - Corporate Reporting - Financial Reporting - Investor Stewardship
27 November 2020
The Financial Reporting Council (FRC) has launched a consultation on the proposed revision of its review standard for interim financial statements, International Standard for Review Engagement (UK) 2410 (ISRE (UK) 2410) Review of Interim Financial Information Performed by the ...
News - Accounting - Auditing - Financial Reporting
26 November 2020
The revised UK Corporate Governance Code provides an opportunity for companies to report to their stakeholders in a way that allows them to communicate high-quality information about the way in which their governance functions to deliver a company’s purpose and strategy. Altho...
News - Corporate Governance
25 November 2020
How is climate change relevant to audits? What should auditors be doing to take climate-related considerations into account? They are just some of the questions Julia Morris, Audit Inspector in the FRC’s Audit Quality Review team, addresses in this podcast. Julia outlines why ...
News - Auditing - Corporate Reporting
24 November 2020
A reminder that the UK Endorsement Board and the IASB will be hosting a joint outreach event to discuss the Business Combinations: Disclosures, Goodwill and Impairment Discussion Paper.  
News - Accounting
24 November 2020
The FRC commends all the organisations that worked together to develop the recommendations of the Asset Management Task Force’s Investing with Purpose report. We welcome the report’s endorsement of the UK Stewardship Code as the best in class marker of effective stewardship an...
News - Corporate Governance - Investor Stewardship
24 November 2020
Audit firms have implemented additional measures to enhance their evaluation of companies’ going concern assessments, since the start of the Covid-19 pandemic, according to a review of completed audits by the Financial Reporting Council (FRC).
News - Accounting - Audit Monitoring - Auditing - Going Concern
  
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