News

The FRC has today issued guidance for auditors on addressing potential exceptions when using data analytics in an audit.

The draft FRC taxonomies 2022 suite has been issued on the Yeti taxonomy viewer for comment.

The Financial Reporting Council (FRC) has today announced a consultation on proposals to update and strengthen significantly the Audit Firm Governance Code in support of the FRC’s objectives to promote high-quality audit and audit market resilience.

The Financial Reporting Council has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions against Ernst & Young LLP (“EY”) and the Audit Engagement Partner, Mark Harvey (the “Respondents”), in relation to the statutory audit of the consolid...

The FRC has today issued an updated Bulletin of Illustrative Auditor’s Reports which includes updated references to legislative changes post-EU exit transition period.

A summary of the FRC’s research on certain provisions of the UK Corporate Governance Code.

Today, the Financial Reporting Council (FRC) has published a summary document from its recent Culture Conference, held in June, to explore the link between culture and high-quality audit.  

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 ...

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...