News October 2020



26 June 2020
Disciplinary Tribunal hearing of a Formal Complaint under the Accountancy Scheme in respect of Deloitte LLP and ICAEW members Richard Knights and Nigel Mercer concerning Autonomy Corporation plc.
News - Accounting - Auditing - Discipline
25 June 2020
In this episode Phil Fitz-Gerald, Director of the FRC Lab, discusses two new reports on investor disclosures during the Covid-19 crisis. 
News - Accounting - Auditing - Corporate Governance - Corporate Reporting - Financial Reporting - Going Concern - Investor Stewardship - Narrative Reporting
25 June 2020
The Financial Reporting Council (FRC) welcomes Amendments to IFRS 17 by the International Accounting Standards Board (IASB), issued today.
News - Accounting - Financial Reporting
24 June 2020
The Financial Reporting Council (FRC) has commenced three investigations into the audits of London Capital & Finance plc for the one month period ended 30 April 2015 (carried out by Oliver Clive & Co.), the year ended 30 April 2016 (carried out by PwC) and the year ended 30 Ap...
News - Accounting - Auditing
18 June 2020
The Financial Reporting Council (FRC) is pleased to announce that Simon Fraser has been appointed as the Chair of the Pre-Emption Group (PEG). Simon has been a longstanding member of the PEG and has a long and distinguished career in investment management and corporate roles, ...
News - Financial Reporting - Investor Stewardship
15 June 2020
The Financial Reporting Council’s Lab has issued two new reports which provide practical guidance to companies in areas of reporting that investors have highlighted as being most critical.  
News - Accounting - Audit Monitoring - Auditing - Corporate Governance - Corporate Reporting
12 June 2020
The Financial Reporting Council (FRC) has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed non-financial sanctions on KPMG  in relation to the statutory audits of the financial statements of Foresight 4 VCT plc (“the Company”) for the 2012/2013,...
News - Accounting - Auditing - Discipline - Ethics
11 June 2020
A number of changes in membership of the UK GAAP TAG have recently taken place.
News - Accounting - Auditing - Financial Reporting
11 June 2020
Today the Joint Forum on Actuarial Regulation (JFAR) has issued an updated Risk Perspective which identifies 8 ‘hotspots’ intended to raise awareness of the risks to high quality actuarial work in mitigating risks to the public interest. This year, a new “Systemic Risk” has be...
News - Assurance - Corporate Governance
8 June 2020
Guidance on best practice for AGMs has now been published to update the previously published Q&As.
News - Corporate Governance