News

The matters being investigated by the Financial Reporting Council (FRC) concerning EY’s audit of the financial statements of Thomas Cook Group Plc (Thomas Cook) for the year ended 30 September 2018 will now include an investigation into EY’s audit of Thomas Cook’s financial st...

The letter was intended to share experience from the FRC's audit quality review (AQR inspections), and root cause analysis performed by audit firms on aspects of the audit process that are likely to affect the quality of audits.

The 2019 Streamlined Energy & Carbon Reporting (SECR) taxonomy is an addition to the FRC taxonomies suite to reflect the new reporting requirements for energy and carbon data introduced on 1st April 2019. The new requirements apply to all large companies and LLPs, as well as t...

The FRC has today issued Amendments to FRS 102 – Interest rate benchmark reform, which responds to a current financial reporting issue. 

To support the delivery of high-quality audit in the UK, the FRC has today issued a major revision to its Ethical Standard and revised Auditing Standards. The changes will help to strengthen auditor independence, prevent conflicts of interest and ensure the UK is seen as a des...

Today the FRC has issued FRED 73 Draft amendments to FRS 101 – 2019/20 cycle. Comments should be provided by 16 March 2020.

The Financial Reporting Council (FRC) has today welcomed new guidance issued by the Taskforce on Disclosures about Expected Credit Losses (DECL). 

The Financial Reporting Lab has released its latest newsletter for Q4 2019.

The FRC has announced its 2020/21 corporate reporting and audit quality review programme.