News

A FRC spokesperson said: “We welcome the CMA’s proposals to enable the UK audit market to work better in the interests of investors and other users of financial information. We also support the CMA’s objective that reform should drive audit quality and that the regulator s...

FRC confirms commitment to remit and agenda set out by Secretary of State

Sanctions have been imposed against Baker Tilly UK Audit LLP ("Baker Tilly") and its partners Richard King and Steven Railton, following an investigation by the Financial Reporting Council (FRC), in relation to the audit of the financial statements of Tanfield Group plc ("Tanf...

The Financial Reporting Council (FRC) has commenced an investigation into the audit by Grant Thornton UK LLP of the financial statements of Interserve Plc for the years ended 31 December 2015, 2016 and 2017. The investigation will be conducted under the Audit Enforcement Proce...

Paul Druckman retires from the Board of the FRC.

This issue highlights the Lab’s recently released report on artificial intelligence, a roundup of the Lab’s latest activities, including two conferences (on digital reporting and performance metrics) and its 2019 survey (which is open until 12 April).

FRC comments on BEIS Select Committee report

The FRC has published its latest list of companies whose reports and accounts have been reviewed by its Corporate Reporting Review function.

Today the Financial Reporting Council (FRC) publishes its draft Plan and Budget 2019/20 which sets out its priorities for the year and the resources it will need. The consultation will close on 8 May.

The Financial Reporting Lab would like to get views on the reporting topics that it should select for its projects over the next few years.