News

The Taskforce on Disclosures about Expected Credit Losses (DECL) has published updated guidance on what good IFRS 9 Expected Credit Loss accounting (ECL) disclosures look like. 

The International Auditing & Assurance Standards Board has appointed the Financial Reporting Council’s (FRC) Josephine Jackson to the International Auditing and Assurance Standards Board (IAASB).

The Financial Reporting Council (FRC) today announces sanctions against Grant Thornton UK LLP (Grant Thornton) and one of its Audit Engagement Partners in relation to the statutory audit of the 2016 financial statements of a publicly listed company (Company).

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The FRC has today issued a revised standard for the audit of client assets.

A reminder that the FRC’s Future of Corporate Reporting Survey closes on 15 November. The survey is intended to provide a wide range of stakeholders with the opportunity to shape and improve information for all users of corporate reports.

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Following the publication of the Developments in Audit report, a social media clip has been produced to give the key highlights of the report.

Companies applying the new standard on lease accounting need to provide more information on its effects, according to a new report by the Financial Reporting Council (FRC).

Audit quality is still not consistently reaching the necessary high standards expected, according to the Financial Reporting Council’s (FRC) Developments in Audit report, particularly when challenging management and performing routine procedures such as revenue recognition.