News

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

1834 pages found.

• Investigation regarding an audit of Digital 9 Infrastructure plc by PricewaterhouseCoopers LLP

  The Financial Reporting Council (FRC) has commenced an investigation in relation to the audit conducted by PricewaterhouseCoopers LLP of the consolidated financial statements of Digital 9 Infrastructure plc for the financial year ended 31 December 2023.

  9 April 2026

• Closure of investigation regarding the audit of Entain plc by KPMG LLP

  2 April 2026

• FRC strengthens oversight of PIE audit firm restructuring

  The FRC has today published updated Public Interest Entity (PIE) Auditor Registration Regulations (Regulations) and accompanying guidance in respect of its PIE Auditor Register (PAR), strengthening its oversight of audit firm restructuring and reducing, w

  31 March 2026

• Innovative new guidance supports audit firm adoption of emerging AI technologies

  The Financial Reporting Council (FRC) has today published guidance for audit firms on using generative and agentic AI tools in audit engagements. The guidance sets out how firms can mitigate risks to audit quality posed by these tools, while supporting fi

  30 March 2026

• FRC sets out year of delivery in Plan and Budget for 26/27

  The Financial Reporting Council (FRC) has today published its Plan and Budget for 2026-27, marking the second year of its three-year Strategy for 2025-28 and setting out an ambitious programme of work to uphold high standards in audit, corporate reporting and governance in support of UK economic growth.

  27 March 2026

• Quarterly consultations: March 2026

  The Financial Reporting Council (FRC) has today launched two calls for stakeholder feedback to support the development of UK audit policy. This year, the FRC will announce the majority of its remaining consultations in June, September and December.

  26 March 2026

• FRC introduces evolved approach to audit supervision

  The Financial Reporting Council (FRC), following extensive engagement with stakeholders, is introducing a major evolution of its audit supervisory model, introducing a more proportionate, effective and integrated framework designed to enhance audit qualit

  25 March 2026

• FRC announces measures to support small business growth

  The Financial Reporting Council (FRC) has today announced a package of measures to make audits more proportionate and efficient for small and medium-sized enterprises (SMEs), helping to support their growth and access to capital.

  24 March 2026

• FRC publishes interim guidance to support safeguarding auditors during transition to the FCA’s new supplementary regime

  The Financial Reporting Council (FRC) has today published new Interim Guidance on Payment and EMoney Safeguarding Assurance Engagements, providing support for safeguarding auditors as payment and e-money institutions prepare to transition to the Financial

  17 March 2026

• FRC publishes guidance to help investors and advisors recognise the value of flexible governance reporting

  The Financial Reporting Council (FRC) has today published updated guidance on 'comply or explain' reporting, designed to help investors, proxy advisors and other users of corporate reporting better understand and appreciate the value of companies that choose to depart from provisions of the UK Corporate Governance Code.

  16 March 2026

• Investigation regarding the conduct of two individual accountants in relation to Vistry Group Plc

  The Financial Reporting Council (“FRC”) has commenced an investigation under the Accountancy Scheme[5ed580] into the conduct of two individual accountants in relation to the forecasting and financial reporting of the business within the South Division of

  10 March 2026

• Financial Reporting Council publishes feedback statement on UK XBRL Taxonomy technical modelling proposals

  The Financial Reporting Council (FRC) has today published a feedback statement summarising responses to its discussion paper on proposed technical changes to the UK and Irish Digital Reporting Taxonomy Suite.

  5 March 2026

• Closure of investigation regarding an audit by Ernst & Young LLP

  The Financial Reporting Council today announces the closure of its investigation into the audits conducted by Ernst & Young LLP of the consolidated financial statements of a Public Interest Entity (PIE) and a related non-PIE entity for the years ended 31

  24 February 2026

• FRC maintains international alignment for companies applying adapted formats in financial statements

  The Financial Reporting Council (FRC) has today issued amendments to FRS 102 to provide companies with an updated framework when adapting the formats of their balance sheets and profit and loss accounts in their annual report and accounts.

  18 February 2026

• FRC consults on temporary amendment to TCA directions

  The Financial Reporting Council (FRC) is consulting on a temporary amendment to its Third Country Auditor (TCA) policy. The proposed change would temporarily permit auditors of Chinese-registered entities listing Global Depositary Receipts (GDRs) in Londo

  16 February 2026