News

Commenting on Sir John Kingman's independent review into the Financial Reporting Council, FRC Chairman, Sir Win Bischoff, said: “When this independent review of the FRC was established by the Department for Business Enterprise and Industrial Strategy, its purpose was to put...

The Financial Reporting Council (FRC) announces the composition of the Advisory Group for its major project on the Future of Corporate Reporting.

FRC issues a suite of staff factsheets on aspects of FRS 102

The Financial Reporting Council (FRC) has issued an International Standard on Auditing Accounting Estimates and Related Disclosures, covering the audit of expected credit losses in banks and which reflects the increased importance and complexity of estimates in financial state...

The FRC has withdrawn Practice Note 25 Attendance at Stocktaking; and Practice Note 27 The Audit of Credit Unions in the United Kingdom

A new code for the corporate governance of large private companies is launched today, providing a framework to help them not only meet legal requirements but to promote long term success in this vital sector. Recognising this, the Wates Principles encourage these companies to ...

The FRC today launched a consultation to assess the effectiveness of the Client Asset Audit Standard (CASS Standard) which was introduced in 2015. The standard was developed both to support the Financial Conduct Authority’s regulatory activity and oversight of the CASS sector,...

Auditors’ work on the information in the front end of company reports outside of the financial statements does not meet the requirements of Auditing Standards consistently, according to a new report from the Financial Reporting Council (FRC). Inconsistency in the extent and qu...

The Financial Reporting Lab (the Lab) is calling for investors and companies of all sizes to participate in a new project.  Following on from the Lab’s reports on risk, viability and dividend policy this project will explore best practice disclosures around the sources and ...

The Financial Reporting Council (FRC) has become an approved signatory for the Disability Confident Government scheme