News

News

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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
8 June 2020
The Financial Reporting Council (FRC) today announces the closure of its investigation into accountants working within Tesco relating to Tesco PLC’s (Tesco) overstatement of profit of approximately £250m as announced to the market in September 2014.
News - Accounting - Auditing - Discipline
2 June 2020
BEIS has published an explanation of each of the measures in the Corporate Insolvency and Governance Bill 2020.
News - Corporate Governance - Corporate Reporting - Financial Reporting
1 June 2020
The government has today set out its position on how the ESEF (European Single Electronic Format) Regulation requirements affect the directors' sign-off process for accounts of UK-incorporated issuers.
News - Accounting - Corporate Reporting - Financial Reporting
         
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