News

The audit and accountancy profession is lagging behind business* when it comes to the diversity of senior management according to new research by the Financial Reporting Council (FRC). The research has revealed one in three UK audit and accountancy firms do not even collect di...

The FRC issued a revised standard for the audit of Going Concern – ISA (UK) 570. As a result Bulletin 2008/10 Audit issues when financial market conditions are difficult and credit facilities may be restricted and Bulletin 2008/10 Going Concern Issues During the Current Ec...

The Financial Reporting Council (FRC) is undertaking a major project to inspire the future of corporate reporting and, as part of this project, is seeking stakeholders’ views to help shape and improve information for all users of corporate reports.

The Financial Reporting Lab has released its latest newsletter for Q3 2019.

Companies have responded positively to newly introduced reporting requirements for Revenue Recognition and Financial Instruments but there is still considerable scope for them to improve the quality of their annual report disclosures. The findings relate to three thematic revi...

The Financial Reporting Council (FRC) has kicked off a new recruitment drive as it expands its roles and responsibilities to improve trust and transparency in business.  

The Financial Reporting Council’s new leadership team of Simon Dingemans and Sir Jon Thompson have taken up their respective leadership roles as Chair and Chief Executive.

The Financial Reporting Council (FRC) has commenced an investigation into the audit by EY of the financial statements of Thomas Cook Group Plc (Thomas Cook) for the year ended 30 September 2018.

Revised Going Concern Standard