News

EFRAG seeks input from preparers of financial statements, in accordance with IFRS, to understand how new proposals from the International Accounting Standards Board (IASB) on how to distinguish between equity and debt in the financial statements, could affect them

The Financial Reporting Council (FRC) is today launching a major project to challenge existing thinking about corporate reporting and consider how companies should better meet the information needs of shareholders and other stakeholders.

In an open letter to Finance Directors and Audit Committee Chairs, the Financial Reporting Council (FRC) has today called for improvements in key areas of corporate reporting, including key accounting judgements and estimates, eliminating basic errors and how companies have ap...

In 2018 we received responses from 21 providers who collectively issue over 30 million Statutory Money Purchase Illustrations (SMPIs). Approximately 57% of these statements were issued to individuals with contract-based arrangements.

Tracy Vegro, FRC's Executive Director, Strategy & Resources, blogs about how diversity in an organisation can make a positive impact

Developments in Audit event - speeches

The report, Business model reporting; Risk and viability reporting – Where are we now?, considers how reporting practice has changed since the Lab published its original reports in 2016 and 2017. It includes practical examples from companies that have implemented the recommen...

Blog by Phil Fitz-Gerald, Director of the FRC's Financial Reporting Lab, on how the Lab is playing its part in calling for companies to be more transparent on how they are addressing climate risk. 

The Financial Reporting Council’s (FRC) Annual Report for 2017/18 highlights priority projects delivered and actions undertaken by the FRC in pursuit of its mission to promote transparency and integrity in business.

An intern with the Financial Reporting Council's Financial Reporting Lab, spent the day learning about XBRL