News

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

1808 pages found.

• Investigation regarding an audit of Shell plc by Ernst & Young LLP

  The Financial Reporting Council (FRC) has commenced an investigation in relation to the statutory audit conducted by Ernst & Young LLP (EY) of the consolidated financial statements of Shell plc (Shell) for the financial year ended 31 December 2024.

  15 December 2025

• In Conversation: Consulting to update the Audit Enforcement Procedure

  In this episode of the Financial Reporting Council's 'In Conversation' podcast series, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, is joined by Anthony Barrett, Executive Director of Supervision, and Jamie Symington, Deputy Exe

  10 December 2025

• Investigation regarding the conduct of two Members and Ernst & Young LLP in relation to the issuance of unauthorised auditor’s reports

  The Financial Reporting Council (“FRC”) has commenced an investigation under the Accountancy Scheme into the conduct of two Members and Ernst & Young LLP in relation to the unauthorised issuance of auditor’s reports to audited entities.

  10 December 2025

• More FTSE 350 companies adopting flexible capital raising guidance with investor support remaining strong

  More UK listed companies are taking advantage of updated guidance that makes it easier to raise capital quickly, highlights the latest annual monitoring report from the Pre-Emption Group (PEG), to which the Financial Reporting Council (FRC) is secretariat

  9 December 2025

• FRC report highlights non-Big Four firms continuing to build presence in PIE audit market

  The Financial Reporting Council (FRC) has published its annual Audit Market and Competition Update, showing that initiatives to promote a more resilient and competitive audit market have supported firms outside of the Big Four to build their share of Publ

  4 December 2025

• FRC insights on companies’ Wates Principles reporting demonstrate framework’s flexibility and ongoing commitment to effective governance

  The Financial Reporting Council (FRC) has today published its first reporting insights of the Wates Corporate Governance Principles for Large Private Companies since assuming oversight earlier this year. It highlights reporting trends alongside helpful ex

  3 December 2025

• FRC makes minor amendments to Auditor Regulatory Sanctions Procedure (ARSP) and the Crown Dependencies’ Recognised Auditor Sanctions Procedure (CD RASP)

  The Financial Reporting Council (FRC) is to make minor amendments, pursuant to paragraph 24.1 of the ARSP and CD RASP, to transfer the authorisation of remuneration from its Conduct Committee to the People Committee, with effect from 1 March 2026.

  27 November 2025

• FRC publishes 2026 UK Taxonomy Suite

  The Financial Reporting Council has published the 2026 UK Taxonomy Suite which incorporates changes to the FRC Taxonomy Suite, Charities Taxonomy, and Irish Taxonomy. In addition, the Suite contains taxonomy documentation, supporting documents, presentation sheets highlighting the changes compared to the previous version of the Taxonomies and release notes.

  19 November 2025

• FRC publishes practical insights to help smaller listed companies improve corporate reporting quality

  The Financial Reporting Council (FRC) has published practical insights to help smaller listed companies improve the quality of their corporate reporting and make the most of their resources.

  19 November 2025

• FRC CEO Richard Moriarty: An update on some of our key projects to create the conditions that support transparency and trust in the UK economy

  Since the beginning of 2025 we have been actively examining how we can ensure our regulatory approach is genuinely proportionate while maintaining the high standards of audit and corporate reporting that give investors and all stakeholders confidence in the UK as a place to grow and invest. Good regulation is smart, targeted, proportionate, and an essential enabler of growth and investment. As we head towards the end of the year, I wanted to share a few examples of the progress of some of that work.

  14 November 2025

• FRC Annual Review highlights the value of meaningful explanations in corporate governance reporting and the code’s flexibility

  The Financial Reporting Council (FRC) has today published its Annual Review of Corporate Governance Reporting, analysing reporting trends and practices among 100 UK-listed companies against the 2018 UK Corporate Governance Code for the last time. Going fo

  13 November 2025

• FRC takes steps to support quality and consistency in the assurance of sustainability reporting

  The Financial Reporting Council (FRC) has today issued International Standard on Sustainability Assurance (UK) 5000, “General Requirements for Sustainability Assurance Engagements”, which provides UK companies, investors and assurance providers with a con

  12 November 2025

• FRC review helps Stewardship Code signatories prepare for streamlined reporting requirements under the new Code

  The Financial Reporting Council (FRC) has today published a report to support signatories as they prepare to apply to the updated Code, which takes effect from 1 January 2026.

  11 November 2025

• UK TAC seeks new members to shape UK Sustainability Disclosure Standards

  The UK Sustainability Disclosure Technical Advisory Committee (TAC) is inviting applications for new members to support its ongoing work to inform both UK and international sustainability disclosures.

  10 November 2025

• FRC launches discussion paper on future technical development of UK digital reporting taxonomies

  The Financial Reporting Council (FRC) has today published a discussion paper on proposed technical changes to the UK XBRL Taxonomy Suite, inviting feedback from stakeholders across the digital reporting ecosystem.

  7 November 2025