News

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

1744 pages found.

• FRC publishes the results of its major local audit quality monitoring, after the system reset

  The Financial Reporting Council (FRC) has reported on the results of its annual quality monitoring of major local audits (MLAs). Alongside this, the FRC has provided an update on how it will continue to support the local audit system to recover from delay

  8 July 2025

• FRC's Executive Director of Supervision announced as new head of SRA

  The Financial Reporting Council (FRC) has today confirmed that Sarah Rapson, Executive Director of Supervision, will step down from her role at the FRC to become the new Chief Executive Officer of the Solicitors Regulation Authority (SRA).

  26 June 2025

• FRC publishes landmark guidance providing clarity to audit profession on the uses of AI

  The Financial Reporting Council (FRC) has published its first guidance on the use of artificial intelligence (AI) in audit, alongside a thematic review of the six largest firms’ processes to certify new technology used in audits.

  26 June 2025

• Sanctions against KPMG LLP and Nick Plumb

  Executive Counsel to the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure against KPMG LLP (KPMG) and Nick Plumb (audit engagement partner) and imposed Sanctions as a result of th

  12 June 2025

• FRC overhauls the Investor Stewardship Code to focus on value creation, reducing burdens and enhanced engagement between market participants

  The Financial Reporting Council (FRC) has today published the UK Stewardship Code 2026, an updated set of principles which offers a framework for reporting that demonstrates high quality stewardship to support economic growth and investment.

  3 June 2025

• CODEx project makes structured financial data more accessible for investors, businesses and regulators

  The Financial Reporting Council (FRC) has today published its final report on the Company and Organisational Data Explorer (CODEx) project, marking the successful completion of this innovative initiative.

  30 May 2025

• FRC Consultation Release: Introduction of International Standard on Sustainability Assurance (UK) 5000

  The Financial Reporting Council (FRC) has today issued a consultation on a proposed UK version of the International Standard on Sustainability Assurance (ISSA) 5000, “General Requirements for Sustainability Assurance Engagements”.

  29 May 2025

• Corporate Governance in Europe: A Joint Statement on responsible, sustainable long-term value creation and competitiveness

  On May 15, 2025, the Eight Chairs – the informal forum of the chairs of the national corporate governance code institutions of Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, and the United Kingdom – convened to discuss key developments i

  28 May 2025

• FRC concludes annual review of FRS 101

  The Financial Reporting Council (FRC) has today issued ‘Amendments to FRS 101 Reduced Disclosure Framework – 2024/25 cycle’, which brings to a close the 2024/25 annual review of FRS 101 ’Reduced Disclosure Framework’.

  28 May 2025

• Roundtable invitation: Future of Audit Supervision Strategy

  The Financial Reporting Council (FRC) invites stakeholders to take part in roundtables to discuss our Future of Audit Supervision Strategy (FASS). The FRC is keen to hear from those involved in the audit landscape, including auditors, their professional b

  22 May 2025

• FRC publish further supporting materials as part of SME audit campaign

  As part of its campaign to support small and medium-sized enterprises (SMEs) access audit services, the Financial Reporting Council (FRC) has today released further supporting material to help SMEs confidently and effectively engage with the annual audit

  20 May 2025

• FRC publishes stakeholder insights on future of UK digital reporting

  The Financial Reporting Council (FRC) today unveiled insights from its discussion paper on "Opportunities for Future UK Digital Reporting,” revealing stakeholder support for digital reporting and the collaborative approach needed to address the challenges

  15 May 2025

• FRC study provides insights for NHS audit market reform

  The Financial Reporting Council (FRC) has today published its final report from its market study into the audit market for NHS providers and Integrated Care Boards (ICBs) providing insight to support government’s reform of the wider local audit system.

  14 May 2025

• Webinar: International Standard on Auditing for Less Complex Entities

  The FRC invites stakeholders to join an upcoming webinar where the ‘International Standard on Auditing for Audits of Financial Statements of Less Complex Entities’ (ISA for LCE) will be discussed.

  12 May 2025

• Sanctions against Sean Robert Clark in relation to the operations and investment activities of Thurrock Council

  The Executive Counsel of the Financial Reporting Council (FRC) has agreed terms of settlement with Sean Robert Clark, following his admission of Misconduct, in relation to his role in the operations and investment activities of Thurrock Council for the fi

  8 May 2025