News

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

1853 pages found.

• Sanctions against Forvis Mazars LLP and Mr David Allen

  The Executive Counsel to the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure, and has imposed sanctions against Forvis Mazars LLP (Forvis Mazars) and David Allen (Mr Allen)

  2 July 2026

• FRC's revised Audit Enforcement Procedure comes into effect

  The Financial Reporting Council's (FRC) revised Audit Enforcement Procedure (AEP) has taken effect from today (1 July 2026).

  1 July 2026

• FRC issues guidance on auditor independence requirements for PISCES-traded companies

  The Financial Reporting Council (FRC) has issued a new staff guidance note following the launch of the Private Intermittent Securities and Capital Exchange System (PISCES) in 2025.

  25 June 2026

• FRC refreshes auditing standards to reduce reporting burden and improve transparency

  The Financial Reporting Council (FRC) has revised three auditing standards to make auditor's reports shorter, clearer and more useful to investors, alongside new guidance clarifying auditor responsibilities under the revised UK Corporate Governance Code.

  24 June 2026

• Sanctions against King & King and Mr Milankumar Patel

  The Executive Counsel of the Financial Reporting Council (“FRC”) has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions on King & King and Milankumar Patel (“Mr Patel”)

  23 June 2026

• FRC modernises enforcement to deliver faster outcomes and earlier learnings for the UK audit market

  The Financial Reporting Council (FRC) has published reforms to its Audit Enforcement Procedure (AEP), modernising its regulatory toolkit.

  17 June 2026

• Join the FRC's UK GAAP Technical Advisory Group (TAG)

  The Financial Reporting Council (FRC) is seeking new members to join its UK GAAP Technical Advisory Group (TAG) and help shape the future of UK and Ireland Accounting Standards.

  12 June 2026

• FRC acts to support pension scheme actuaries ahead of new surplus flexibility rules

  Ahead of new legislation expected to come into force in April 2027, the Financial Reporting Council (FRC) will develop technical actuarial guidance to help scheme actuaries certify that surplus payments to employers meet the legislative requirements.

  11 June 2026

• Investigations into the conduct of individual accountants, auditors and firms in relation to Market Financial Solutions and connected companies

  11 June 2026

• Investigation regarding the conduct of a Member in relation to P&O Ferries Division Holdings Limited

  10 June 2026

• Investigation regarding an audit of WH Smith plc by PricewaterhouseCoopers LLP

  9 June 2026

• FRC invites firms and companies to experiment, innovate and reduce burdens through new sandbox programmes

  The Financial Reporting Council (FRC) today announced a significant expansion of its innovation programme, inviting audit firms and companies to work directly with the regulator to explore new technologies, simplify corporate reporting, and reduce unneces

  4 June 2026

• Quarterly consultations: June 2026

  The Financial Reporting Council (FRC) has today launched a call for stakeholder feedback to support the development of UK audit policy. This year, the FRC will announce the majority of its remaining consultations in September and December.

  2 June 2026

• Sanctions against BDO LLP and Geraint Jones

  Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure and imposed sanctions against BDO LLP (BDO) and Geraint Jones (Mr Jones), audit engagement partner, in relation

  28 May 2026

• FRC issues finalised guidance to support actuaries dealing with historic amendments to pension rules

  Following the Pension Schemes Act 2026 receiving its Royal Assent, the Financial Reporting Council (FRC) has today issued finalised guidance to support pension scheme actuaries in providing retrospective confirmation to validate historic changes to pensio

  22 May 2026