News

This page list press notices and announcements issued by the FRC.

1751 pages found.

• FRC publishes revised technical actuarial standard for pensions

  The Financial Reporting Council (FRC) has today published version 2.1 of Technical Actuarial Standard 300: Pensions (TAS 300). Following a consultation, TAS 300 has been revised to ensure it continues to be fit for purpose, given recent changes to the pen

  18 July 2025

• FRC issues July consultations

  The Financial Reporting Council (FRC) has today issued five consultations as part of its scheduled July release, seeking stakeholder input on a new Practice Note for auditing small and medium-sized enterprises (SMEs), the emerging findings of the FRC's SME audit market study, targeted amendments to FRS 102, the UK’s PIE Auditor Registration Regulations, and an updated taxonomies suite.

  17 July 2025

• FRC takes action to support effectiveness of audit market for SMEs

  The Financial Reporting Council (FRC) has today published emerging findings from its market study examining how effectively the audit market serves small and medium-sized enterprises (SMEs) and has launched a consultation on new guidance to help auditors

  17 July 2025

• Notice of resumed disciplinary tribunal

  The Disciplinary Tribunal of the Financial Reporting Council will resume its consideration of the Formal Complaint of the Executive Counsel to the Financial Reporting Council (“FRC”) under the Accountancy Scheme against the Respondent Nicholas Bowerman, a

  16 July 2025

• FRC publishes annual audit firm inspection results

  The Financial Reporting Council (FRC) has today published its Annual Review of Audit Quality, which calls for all stakeholders of the UK audit landscape to work together to deliver a thriving market and profession working in the public interest.

  15 July 2025

• Draft 2026 Taxonomy Suite published

  The FRC has published a draft version of the 2026 Taxonomy Suite.

  14 July 2025

• Investigation regarding the audits of Stenn by Azets and Deloitte

  This Press Notice concerns the opening of investigations into one or more Statutory Auditor(s) and/or Statutory Audit Firm(s)1. The investigations do not relate to any persons or entities other than the relevant Statutory Auditor(s) and/or Statutory Audit

  10 July 2025

• FRC publishes the results of its major local audit quality monitoring, after the system reset

  The Financial Reporting Council (FRC) has reported on the results of its annual quality monitoring of major local audits (MLAs). Alongside this, the FRC has provided an update on how it will continue to support the local audit system to recover from delay

  8 July 2025

• FRC's Executive Director of Supervision announced as new head of SRA

  The Financial Reporting Council (FRC) has today confirmed that Sarah Rapson, Executive Director of Supervision, will step down from her role at the FRC to become the new Chief Executive Officer of the Solicitors Regulation Authority (SRA).

  26 June 2025

• FRC publishes landmark guidance providing clarity to audit profession on the uses of AI

  The Financial Reporting Council (FRC) has published its first guidance on the use of artificial intelligence (AI) in audit, alongside a thematic review of the six largest firms’ processes to certify new technology used in audits.

  26 June 2025

• Sanctions against KPMG LLP and Nick Plumb

  Executive Counsel to the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure against KPMG LLP (KPMG) and Nick Plumb (audit engagement partner) and imposed Sanctions as a result of th

  12 June 2025

• FRC overhauls the Investor Stewardship Code to focus on value creation, reducing burdens and enhanced engagement between market participants

  The Financial Reporting Council (FRC) has today published the UK Stewardship Code 2026, an updated set of principles which offers a framework for reporting that demonstrates high quality stewardship to support economic growth and investment.

  3 June 2025

• CODEx project makes structured financial data more accessible for investors, businesses and regulators

  The Financial Reporting Council (FRC) has today published its final report on the Company and Organisational Data Explorer (CODEx) project, marking the successful completion of this innovative initiative.

  30 May 2025

• FRC Consultation Release: Introduction of International Standard on Sustainability Assurance (UK) 5000

  The Financial Reporting Council (FRC) has today issued a consultation on a proposed UK version of the International Standard on Sustainability Assurance (ISSA) 5000, “General Requirements for Sustainability Assurance Engagements”.

  29 May 2025

• Corporate Governance in Europe: A Joint Statement on responsible, sustainable long-term value creation and competitiveness

  On May 15, 2025, the Eight Chairs – the informal forum of the chairs of the national corporate governance code institutions of Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, and the United Kingdom – convened to discuss key developments i

  28 May 2025