News

On 9 February 2021 the FRC delivered its Initial Investigation Report (IIR) in connection with its investigation opened in February 2019 into certain aspects of KPMG’s audit of the financial statements of Carillion plc for the year ended 31 December 2013.

The Financial Reporting Council (FRC) has today issued advice for companies on how to report transparently and effectively when departing from certain provisions of the UK Corporate Governance Code.

The Financial Reporting Council (FRC) is carrying out a post implementation review of the Technical Actuarial Standards (TASs) and has today issued a call for feedback for the current Framework for TASs, Technical Actuarial Standard 100 (TAS 100), and potential actuarial stand...

The Financial Reporting Council (FRC) published principles for operational separation of the audit practices of the ‘Big 4’ firms in July 2020.  The FRC asked the firms to submit their implementation plans by 23 October 2020.  The FRC has reviewed these plans and discussed the...

Recording available: LGBT+ History Month Webinar

A new FRC Lab report, Virtual and Augmented Reality in corporate reporting, is released today and considers how virtual and augmented reality are and might be used to expand the scope and audience for corporate reporting. The report includes examples of current practice and hi...

This consultation seeks views on the proposed Third Country Auditors (Fees) Instrument 2021, which includes an increase in the periodical fees for registered Third Country Auditors in the UK.

Today the Financial Reporting Council (FRC) has published for consultation its draft 2021/22 Strategy, Plan & Budget which reflects its continued commitment to serve the public interest whilst also moving at pace towards building the enhanced capacity and capability necessary ...

The FRC’s LGBTQIA+ network invites you to a webinar this Wednesday, 10th February, 4pm-5pm, as part of our celebration of LGBTQ+ History month in February. LGBT+ History Month is an annual month-long observance of lesbian, gay, bisexual and transgender history, and the history...

The UK Endorsement Board secretariat has today published their draft comment letter on the IASB’s ED/2020/4 Lease Liability in a Sale and Leaseback. The draft comment letter is open for comment until 1 March 2021.