News

News

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8 June 2022
On 31 May 2022, the Government published its response to the consultation on its White Paper ‘Restoring Trust in Audit and Corporate Governance’. In particular Chapter 11.2 sets out the next steps to reform the UK’s actuarial regulatory regime. The FRC has welcomed the Governm...
News - Actuarial
7 June 2022
The Executive Counsel of the Financial Reporting Council (the FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure and imposed sanctions against PricewaterhouseCoopers LLP (PwC) and Jonathan Hook, Audit Engagement Partner (together, the Resp...
News - Accounting - Auditing - Discipline
7 June 2022
The Executive Counsel of the Financial Reporting Council (the FRC) has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions against PricewaterhouseCoopers LLP (PwC) and Jonathan Hook, Audit Engagement Partner (together, the Respondents), i...
News - Accounting - Audit Monitoring - Auditing
31 May 2022
The Financial Reporting Council (FRC) welcomes the Government’s response to its consultation ‘Restoring trust in audit and corporate governance’ which sets out the next steps to reform the UK’s audit and corporate governance framework.
News - Auditing - Corporate Governance - Corporate Reporting
27 May 2022
The Financial Reporting Council (FRC) has today published anonymised key findings and good practices reported by its Audit Quality Review (AQR) team in relation to their 2020/21 audit quality inspections at the seven largest audit firms.
News - Audit Monitoring - Auditing
25 May 2022
The Financial Reporting Council (FRC) invites stakeholders share their views on the Exposure Drafts recently published by the newly formed International Sustainability Standards Board (ISSB).
News - Accounting - Auditing - Corporate Governance - Corporate Reporting - Ethics - Financial Reporting
24 May 2022
The FRC has today released 29 updated ISAs (UK), amended to include conforming amendments arising from the revision of ISA (UK) 315 (Revised July 2020) Identifying and Assessing the Risks of Material Misstatement.
News - Accounting - Auditing
24 May 2022
The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions against KPMG Audit plc (KPMG) and Anthony Sykes, Audit Engagement Partner (together, the Respondents), in relation to t...
News - Audit Monitoring - Auditing - Ethics
20 May 2022
The FRC has today issued FRED 80 Draft amendments to FRS 100 Application of Financial Reporting Requirements Application Guidance The Interpretation of Equivalence.
News - Accounting
19 May 2022
Today, the FRC issues Amendments to Basis for Conclusions FRS 101 Reduced Disclosure Framework– 2021/22 cycle, which brings to a close the 2021/22 annual review of FRS 101 Reduced Disclosure Framework.
News - Accounting - Corporate Reporting - Financial Reporting
 
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