News

News

20 December 2017
Following the conclusion of the Financial Reporting Council’s (FRC) investigation, the former Financial Management Controller of Tech Data Limited (formerly known as Computer 2000 Distribution Limited), Kevin Silverwood, has been fined and excluded from the accountancy profess...
News - Discipline
19 December 2017
Today the Financial Reporting Council's Financial Reporting Lab (the Lab) released its Q4 newsletter
News - Financial Reporting - Investor Stewardship
19 December 2017
The Financial Reporting Council (FRC) has today published its three year (2018/21) strategy and its budget for the 2018/19 financial year. Its strategy is to deliver increased confidence and public trust in UK companies in line with its mission to promote transparency and inte...
News - Planning
18 December 2017
The Financial Reporting Council (FRC) has made amendments to the suite of taxonomies last issued in December 2015
News - Accounting
18 December 2017
Audit Committee reports create trust and confidence among investors according to a new report from the Financial Reporting Council (FRC). Investors gain valuable insight into the effectiveness of audit committees and the quality and rigour of their work from the reports which ...
News - Auditing
15 December 2017
The Financial Reporting Council (FRC) is today publishing revised guidance for auditors when agreeing to the publication of preliminary announcements
News - Auditing
14 December 2017
A hearing of the Disciplinary Tribunal of the Financial Reporting Council ("FRC") will commence on Monday 15 January 2018 at 10.00am to consider a Formal Complaint against (1) John Shannon, former Chief Executive Officer of AssetCo plc, and a member of Chartered Accountants Ir...
News - Discipline
14 December 2017
The Financial Reporting Council (FRC) has completed a triennial review of FRS 102 and confirmed the simplification of the measurement of directors’ loans to small entities, following the interim relief granted earlier this year. This is part of a package of amendments announce...
News - Accounting - Financial Reporting
13 December 2017
A new report from the Financial Reporting Council’s Financial Reporting Lab (the Lab) (PDF) concludes that XBRL (eXtensible Business Reporting Language) is an important technology in the path to digitisation of company reporting
News - Corporate Reporting - Investor Stewardship
12 December 2017
Uniquely in the UK, auditors report publicly on the materiality threshold applied to focus their audit work, disclosing what level of misstatement or omission they consider matters to users of financial statements.
News - Audit Monitoring - Auditing
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