News

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

1787 pages found.

• FRC withdraws ASORP 1 to streamline actuarial standards framework

  The Financial Reporting Council (FRC) has today announced the withdrawal of ASORP 1: Financial Analysis of Social Security Programmes, with immediate effect.

  23 October 2025

• Roundtable invitation: Consultation on proposed revisions to Audit Enforcement Procedure

  The Financial Reporting Council (FRC) invites stakeholders to take part in a series of roundtables which form part of its consultation on proposed revisions to the Audit Enforcement Procedure (AEP).

  22 October 2025

• FRC publishes corporate reporting insights

  The Financial Reporting Council (FRC) has today issued two thematic reviews designed to enhance the quality of, and provide insights into, UK company reporting in respect of investment companies and share-based payment arrangements.

  21 October 2025

• FRC publishes key findings and good practice report

  The Financial Reporting Council (FRC) today published a report setting out the key findings and good practice the FRC has identified in the 2023/4 and 2024/5 inspection cycles related to the audits of the twelve largest audit firms.

  20 October 2025

• FRC updates proportionality guidance for actuaries

  The Financial Reporting Council (FRC) has today issued revised Technical Actuarial Guidance on Proportionality to support actuaries in applying principles-based Technical Actuarial Standards (TASs) in a proportionate and outcome driven manner.

  17 October 2025

• FRC highlights latest trends in accountancy and audit

  The Financial Reporting Council (FRC) has today released the 23rd edition of its Key Facts and Trends (KFAT) report, offering a comprehensive overview of the UK accountancy and audit landscape.

  15 October 2025

• Roundtable invitation: Shaping Technical Guidance for Pension Scheme Actuaries

  The Financial Reporting Council (FRC) invites stakeholders to attend a roundtable to support the development of technical guidance for pension scheme actuaries carrying out confirmation of historic pension scheme amendments. This follows the anticipated legislation prompted by the Virgin Media Ltd v NTL Pension Trustees case.

  14 October 2025

• Sanctions against KPMG LLP and Anthony Sykes

  7 October 2025

• FRC to develop technical guidance for pension scheme actuaries to respond to forthcoming legislation

  FRC will develop technical guidance to support scheme actuaries in confirming historic pension scheme amendments, following forthcoming legislation prompted by the Virgin Media Ltd v NTL Pension Trustees case.

  3 October 2025

• Financial Reporting Council Announces Two New Executive Directors

  The Financial Reporting Council (FRC) has today announced the appointment of two new Executive Directors to its leadership team following the resignation of the current Executive Director, Supervision Sarah Rapson to join the SRA as CEO and the retirement of Elizabeth Barrett, Executive Director, Enforcement and Executive Counsel at the end of October.

  3 October 2025

• FRC Launches Consultation on Enhanced Enforcement Procedures as part of its end to end enforcement review

  The Financial Reporting Council (FRC) today launched a public consultation on proposed updates to its Audit Enforcement Procedure (AEP), as part of a comprehensive end-to-end review of its enforcement processes. The consultation runs until 9 January 2026

  1 October 2025

• FRC issues October consultations

  The Financial Reporting Council (FRC) has today issued four consultations as part of its scheduled October release, seeking stakeholder input on updates to its Audit Enforcement Procedure, revisions to audit and audit reporting standards, and a proposal t

  1 October 2025

• FRC consults as part of annual review of FRS 101

  The Financial Reporting Council (FRC) has today issued Financial Reporting Exposure Draft (FRED) 88, which proposes no changes to FRS 101 ‘Reduced Disclosure Framework’, as a result of the FRC’s 2025/26 review cycle.

  1 October 2025

• FRC launches consultation on enhanced auditing standards

  The Financial Reporting Council (FRC) has today launched a consultation on proposed revisions to three auditor reporting standards: ISA (UK) 700, ISA (UK) 701, ISA (UK) 720.

  1 October 2025

• FRC launches consultation on enhanced auditing standards to strengthen fraud detection and evaluation of going concern

  The Financial Reporting Council (FRC) has today launched a consultation on proposed revisions to two key auditing standards, dealing with the auditor’s responsibilities relating to fraud and going concern: ISA (UK) 240 (Revised) and ISA (UK) 570 (Revised)

  1 October 2025