News

The FRC has today withdrawn Practice Note 26 – Guidance on Smaller Entity Documentation. The current version of the Practice Note was issued in December 2009, and no longer supports the documentation requirements of a high quality audit.

Sir Win Bischoff, Chairman FRC, speaks on corporate reporting at the FRC's Financial Reporting Lab's Conference, Reporting Now!

Investors are calling on companies to reassess how they report their performance metrics, according to a new report from the Financial Reporting Lab (the Lab).

Following a fantastic response to our call for nominations The Financial Reporting Council is pleased to announce the membership of our new Investor Advisory Group (“IAG”).

The Financial Reporting Council (FRC) has excluded Russell McBurnie, former Finance Director of RSM Tenon Group plc (RSM Tenon), from the accountancy profession for a recommended period of five years. In addition, Mr McBurnie has been fined £60,000 (reduced to £57,000 for sett...

Publication of the Financial Reporting Lab’s report on blockchain

The Big Four audit practices must act swiftly to reverse the decline in this year’s audit inspection results if they are to achieve the targets for audit quality set by the Financial Reporting Council (FRC). Overall results from the most recent inspections of eight firms by th...

A summary of the findings from the event that took place on 24 April is now available here.

The Financial Reporting Council, on behalf of James Wates CBE, has published a consultation on corporate governance principles for large private companies. Development of the principles follows the Government’s 2016 Green Paper and the BEIS Select Committee’s report of April 2...

The Financial Reporting Council (FRC) has sanctioned PriceWaterhouseCoopers (PwC) and audit partner Steve Denison in relation to the 2014 audits of BHS and the Taveta Group (Taveta) following an investigation under the Accountancy Scheme opened in June 2016.