News

News

30 October 2019
The Financial Reporting Council (FRC) has today called for improvements to corporate reporting in an open letter to all Audit Committee Chairs and Finance Directors. The letter reflects findings from the FRC’s Annual Review of Corporate Reporting 2018/19 (published today) and ...
News - Accounting - Corporate Reporting - Financial Reporting
29 October 2019
The Financial Reporting Council (FRC) has today published the Settlement Agreement in respect of Misconduct admitted by Ross Howard in relation to Deloitte LLP’s audit of the financial statements of Serco Geografix Limited for the year ended 31 December 2012.
News - Audit Monitoring - Auditing - Discipline
28 October 2019
The largest accountancy firms have increased their share of the UK audit market with 100% of FTSE 100 companies now audited by the Big Four*, according to new research from the Financial Reporting Council (FRC).   The latest edition of Key Facts and Trends in the Accountancy...
News - Accounting - Auditing
24 October 2019
The Financial Reporting Council (FRC) has today launched a substantial and ambitious revision to the UK Stewardship Code. The new Code substantially raises expectations for how money is invested on behalf of UK savers and pensioners. In particular, the new Code establishes a c...
News - Corporate Governance - Investor Stewardship
22 October 2019
Companies are falling short of investors’ expectations for clearer reporting on climate-related issues according to a new report Climate-related corporate reporting from the FRC Financial Reporting Lab (the Lab).
News - Accounting - Corporate Governance - Corporate Reporting - Financial Reporting - Planning
21 October 2019
The audit and accountancy profession is lagging behind business* when it comes to the diversity of senior management according to new research by the Financial Reporting Council (FRC). The research has revealed one in three UK audit and accountancy firms do not even collect di...
News - Accounting - Auditing - Corporate Governance
18 October 2019
The FRC issued a revised standard for the audit of Going Concern – ISA (UK) 570. As a result Bulletin 2008/10 Audit issues when financial market conditions are difficult and credit facilities may be restricted and Bulletin 2008/10 Going Concern Issues During the Current Ec...
News - Auditing - Going Concern
17 October 2019
The Financial Reporting Council (FRC) is undertaking a major project to inspire the future of corporate reporting and, as part of this project, is seeking stakeholders’ views to help shape and improve information for all users of corporate reports.
News
15 October 2019
The Financial Reporting Lab has released its latest newsletter for Q3 2019.
News - Corporate Governance - Corporate Reporting - Financial Reporting
10 October 2019
Companies have responded positively to newly introduced reporting requirements for Revenue Recognition and Financial Instruments but there is still considerable scope for them to improve the quality of their annual report disclosures. The findings relate to three thematic revi...
News - Accounting - Corporate Reporting - Financial Reporting
 
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