News

The Financial Reporting Council (FRC) has today published two thematic reviews to help companies improve the quality of their corporate reporting in relation to the new accounting standards IFRS 9 ‘Financial Instruments’ and IFRS 15 'Revenue from Contracts with Customers’

Stephen Haddrill has informed the Board of the FRC that he intends to step down from his role as Chief Executive Officer of the Financial Reporting Council in late 2019. The exact date of his departure will depend on a number of factors including the outcome of Sir John Kingma...

EFRAG seeks input from preparers of financial statements, in accordance with IFRS, to understand how new proposals from the International Accounting Standards Board (IASB) on how to distinguish between equity and debt in the financial statements, could affect them

The Financial Reporting Council (FRC) is today launching a major project to challenge existing thinking about corporate reporting and consider how companies should better meet the information needs of shareholders and other stakeholders.

In an open letter to Finance Directors and Audit Committee Chairs, the Financial Reporting Council (FRC) has today called for improvements in key areas of corporate reporting, including key accounting judgements and estimates, eliminating basic errors and how companies have ap...

In 2018 we received responses from 21 providers who collectively issue over 30 million Statutory Money Purchase Illustrations (SMPIs). Approximately 57% of these statements were issued to individuals with contract-based arrangements.

Tracy Vegro, FRC's Executive Director, Strategy & Resources, blogs about how diversity in an organisation can make a positive impact

Developments in Audit event - speeches

The report, Business model reporting; Risk and viability reporting – Where are we now?, considers how reporting practice has changed since the Lab published its original reports in 2016 and 2017. It includes practical examples from companies that have implemented the recommen...

Blog by Phil Fitz-Gerald, Director of the FRC's Financial Reporting Lab, on how the Lab is playing its part in calling for companies to be more transparent on how they are addressing climate risk.