News

The Financial Reporting Council (FRC) has launched a consultation on the proposed revision of its review standard for interim financial statements, International Standard for Review Engagement (UK) 2410 (ISRE (UK) 2410) Review of Interim Financial Information Performed by the ...

The revised UK Corporate Governance Code provides an opportunity for companies to report to their stakeholders in a way that allows them to communicate high-quality information about the way in which their governance functions to deliver a company’s purpose and strategy. Altho...

How is climate change relevant to audits? What should auditors be doing to take climate-related considerations into account? They are just some of the questions Julia Morris, Audit Inspector in the FRC’s Audit Quality Review team, addresses in this podcast. Julia outlines why ...

A reminder that the UK Endorsement Board and the IASB will be hosting a joint outreach event to discuss the Business Combinations: Disclosures, Goodwill and Impairment Discussion Paper.  

The FRC commends all the organisations that worked together to develop the recommendations of the Asset Management Task Force’s Investing with Purpose report. We welcome the report’s endorsement of the UK Stewardship Code as the best in class marker of effective stewardship an...

Audit firms have implemented additional measures to enhance their evaluation of companies’ going concern assessments, since the start of the Covid-19 pandemic, according to a review of completed audits by the Financial Reporting Council (FRC).

The government and the Financial Reporting Council (FRC) have today published letters to the accounting and audit sectors setting out the UK framework for audit and reporting at the end of the transition period.

Following the launch event for the FRC's Future of Corporate Reporting thought leadership paper, a recording of the webinar is now available here. 

The Pre-Emption Group’s (PEG) recommendation for investors to apply additional flexibility in considering issuances of shares on a non-pre-emptive basis will come to an end on 30 November. This additional flexibility, which has been well received in the market, was first recom...

Invitation: FRC Consultation of Fraud auditing standards (ISA (UK) 240) – Webinar and roundtable discussions.