News

The Financial Reporting Council (FRC) has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions against KPMG LLP (KPMG) and Nicola Quayle (formerly the Senior Partner for Manchester) (the Respondents), in relation to the statutory audit of ...

The Financial Reporting Council (FRC) has today issued the following updated bulletins as guidance for auditor’s preparing a range of reports – the updates are to align with the revised auditing standards issued in December 2019:

The FRC and the Chartered Governance Institute have today published updated guidance about company AGMs and the impact of Covid-19.  The guidance provides advice on how listed companies might implement contingency plans in light of the compulsory ‘Stay at Home Measures’. 

The Financial Reporting Council (FRC) has today issued revised Standards for Investment Reporting (SIRs) 1000-5000, and a new SIR 6000 dealing with reports on Quantified Financial Benefits Statements (QFBSs) published in accordance with the City Code.

The Financial Conduct Authority (FCA), Financial Reporting Council (FRC) and Prudential Regulation Authority (PRA) have today announced a series of actions to ensure that information continues to flow to investors and to support the continued functioning of the UK’s capital ma...

The Financial Reporting Council (FRC) has today issued a discussion paper on Technological Resources: Using technology to enhance audit quality.

The use of automated tools for audit such as data analytics has grown dramatically in the last three years and if used appropriately can improve audit quality. A new report from the Financial Reporting Council (FRC) highlights that audit firms have invested considerably in the...

The Financial Reporting Council (FRC) has today launched a consultation on the proposed adoption in the UK of International Standard on Assurance Engagements (ISAE) 3000, Assurance Engagements Other Than Audits or Reviews of Historical Financial Information.

The Financial Reporting Council (FRC) has today published its strategy for 2020/21 following positive responses to its consultation.