News July 2021

News

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14 October 2021
The Financial Reporting Council (FRC) has today published the findings of its review into IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’, which has been identified as a recurrent problem area by the FRC. 
News - Accounting - Corporate Reporting
13 October 2021
The FRC has today published the report of the Independent Disciplinary Tribunal detailing its findings of Misconduct by KPMG LLP (KPMG) and David Costley-Wood (former Head of KPMG Manchester Restructuring) together with sanctions, in relation to the Silentnight group of compan...
News - Accounting - Discipline
12 October 2021
The FRC’s Lab (Lab) has today published a report that supports companies in the move towards high-quality digital reporting. The Lab review of fifty early structured reports found that many reports fell short of the quality that will be expected for companies’ official filings.
News - Financial Reporting
11 October 2021
The FRC invites you to attend a webinar to discuss the findings from its recent corporate reporting thematic reviews.
News - Accounting - Auditing - Corporate Reporting - Financial Reporting
8 October 2021
The FRC has today published the 2022 taxonomy suite.
News - Accounting - Auditing
7 October 2021
A review by the Financial Reporting Council (FRC) into the use of Alternative Performance Measures (APMs) by UK-listed companies has found that companies need to be more transparent about their use, and linkage to their IFRS or UK GAAP results (GAAP results).  
News - Accounting - Auditing - Corporate Reporting - Financial Reporting
6 October 2021
The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by Mazars LLP of the consolidated financial statements of French Connection Group plc for the year ended 31 January 2020.
News - Accounting - Auditing
4 October 2021
The Financial Reporting Council (FRC) has commenced an investigation in relation to the audits conducted by Crowe UK LLP of the financial statements of Akazoo Limited for the years ended 31 December 2016, 2017 and 2018.
News - Accounting - Auditing - Discipline
1 October 2021
​The FRC will be hosting a joint outreach event with the IASB to discuss the IASB's proposals for a comprehensive, objectives-based framework for management commentary to better meet global capital market needs and to facilitate high-quality, globally consistent narrative repo...
News - Accounting - Auditing - Corporate Reporting - Financial Reporting - Narrative Reporting
29 September 2021
The Financial Reporting Lab (Lab) is inviting companies, service and systems providers, investors and other interested parties to participate in a new project looking at how companies produce ESG data. Contact the Lab at financialreportinglab@frc.org.uk by 15 November 2021 if ...
News - Corporate Reporting
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