News

Reporting on workforce-related issues needs to improve to meet investor needs and reflect modern-day workforces according to a new report from the Financial Reporting Council’s (FRC) Financial Reporting Lab (the Lab).

The FRC has today released eight updated ISAs (UK), amended to include conforming amendments arising from the revision of ISA (UK) 540 (Revised) – Auditing Accounting Estimates and Related Disclosures.

Update on FRC investigations in relation to Carillion

The FRC has today welcomed the Chartered Institute of Internal Auditors new Internal Audit Code of Practice issued today to enhance the overall effectiveness of internal audit. 

Companies need to improve their governance practices and reporting if they are to demonstrate their positive impact on the economy and wider society, according to a new report from the Financial Reporting Council (FRC).

The FRC has published the latest list of companies whose reports and accounts have been reviewed by its Corporate Reporting Review function.

The Financial Reporting Council (FRC) has issued an update of its Practice Aid to assist audit committees in evaluating audit quality in their assessment of the effectiveness of the external audit process.  

The matters being investigated by the Financial Reporting Council (FRC) concerning EY’s audit of the financial statements of Thomas Cook Group Plc (Thomas Cook) for the year ended 30 September 2018 will now include an investigation into EY’s audit of Thomas Cook’s financial st...

The letter was intended to share experience from the FRC's audit quality review (AQR inspections), and root cause analysis performed by audit firms on aspects of the audit process that are likely to affect the quality of audits.