News June 2007



25 March 2020
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...
News - Audit Monitoring - Auditing
24 March 2020
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.
News - Auditing
23 March 2020
The Financial Reporting Council (FRC) has today published its strategy for 2020/21 following positive responses to its consultation. 
News - Accounting - Actuarial - Audit Monitoring - Auditing - Corporate Governance - Corporate Reporting
23 March 2020
Recent unprecedented events mean that the basis on which companies are reporting and planning is changing rapidly. It is important that due consideration is given by companies to these events in preparing all reporting.  The FRC therefore encourages listed companies and their ...
News - Auditing
20 March 2020
On Thursday 19 March 2020, the IASB published for public comment Discussion Paper DP/2020/1 on Business Combinations – Disclosures, Goodwill and Impairment. Comments can be submitted to the IASB until 15 September 2020.
News - Accounting - Corporate Reporting - Financial Reporting
19 March 2020
Due to the current public health situation and the impact of Coronavirus on companies (e.g. self-isolating), Companies House is now automatically granting a two month extension to file company accounts.  
News - Accounting - Corporate Reporting - Financial Reporting
18 March 2020
Guidance on how to arrange and conduct AGMs in light of Covid-19 has been published by ICSA (The Chartered Governance Institute) in conjunction with the FRC and Slaughter & May.
News - Corporate Governance - Risk
17 March 2020
In light of the current situation with Covid 19, and in line with the Prime Minister’s advice, the FRC has taken the decision that all staff will work from home for the next month. We will review this situation regularly in light of advice from health professionals and the gov...
News - Risk
16 March 2020
The Financial Reporting Council (FRC) has today issued updated guidance for auditors which may be facing practical difficulties in carrying out audits as a result of the COVID-19 pandemic (coronavirus).
News - Auditing
16 March 2020
Some companies and auditors are also facing practical difficulties in preparing accounts and carrying out audits.  The FRC expects this will affect the way in which audit firms carry out their audit of those companies, given restrictions on travel, meetings and access to compa...
News - Accounting - Auditing