This website uses cookies for analytics and functionality purposes. To change your cookie settings or find out more, click here. If you continue browsing our website, you accept these cookies.


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
8 December 2017
The Financial Reporting Lab (the Lab) invites investors, analysts and companies of all sizes to participate in a project on effective Reporting on Performance.
News - Financial Reporting
6 December 2017
The Financial Reporting Council (FRC) has today issued a revision of ISA (UK) 250 Section A—Consideration of laws and regulations in an audit of financial statements
News - Assurance - Auditing
5 December 2017
Today the FRC publishes proposals for a revised UK Corporate Governance Code to reflect the changing business environment and help UK companies achieve the highest levels of governance.
News - Corporate Governance
4 December 2017
The Non-Financial Reporting Regulations which implemented the EU Directive as regards disclosure of non-financial and diversity information by certain large undertakings and groups became effective for financial years starting on or after 1 January 2017
News - Accounting - Narrative Reporting