News

The FRC has today published consolidated covid-19 guidance for companies and auditors. The consolidated guidance supersedes all previous FRC guidance for companies and auditors.  

Compelling new research commissioned by the Financial Reporting Council (FRC) has shown that the development of standards for audit committees would support a more consistent approach to promoting audit quality. The research, conducted by YouGov, involved interviews with Audit...

The Financial Reporting Council (FRC) has launched a consultation on the proposed revision of its review standard for interim financial statements, International Standard for Review Engagement (UK) 2410 (ISRE (UK) 2410) Review of Interim Financial Information Performed by the ...

The revised UK Corporate Governance Code provides an opportunity for companies to report to their stakeholders in a way that allows them to communicate high-quality information about the way in which their governance functions to deliver a company’s purpose and strategy. Altho...

How is climate change relevant to audits? What should auditors be doing to take climate-related considerations into account? They are just some of the questions Julia Morris, Audit Inspector in the FRC’s Audit Quality Review team, addresses in this podcast. Julia outlines why ...

A reminder that the UK Endorsement Board and the IASB will be hosting a joint outreach event to discuss the Business Combinations: Disclosures, Goodwill and Impairment Discussion Paper.  

The FRC commends all the organisations that worked together to develop the recommendations of the Asset Management Task Force’s Investing with Purpose report. We welcome the report’s endorsement of the UK Stewardship Code as the best in class marker of effective stewardship an...

Audit firms have implemented additional measures to enhance their evaluation of companies’ going concern assessments, since the start of the Covid-19 pandemic, according to a review of completed audits by the Financial Reporting Council (FRC).

The government and the Financial Reporting Council (FRC) have today published letters to the accounting and audit sectors setting out the UK framework for audit and reporting at the end of the transition period.