News

Today the Financial Reporting Council's Financial Reporting Lab (the Lab) released its Q4 newsletter

The Financial Reporting Council (FRC) has today published its three year (2018/21) strategy and its budget for the 2018/19 financial year. Its strategy is to deliver increased confidence and public trust in UK companies in line with its mission to promote transparency and inte...

The Financial Reporting Council (FRC) has made amendments to the suite of taxonomies last issued in December 2015

Audit Committee reports create trust and confidence among investors according to a new report from the Financial Reporting Council (FRC). Investors gain valuable insight into the effectiveness of audit committees and the quality and rigour of their work from the reports which ...

The Financial Reporting Council (FRC) is today publishing revised guidance for auditors when agreeing to the publication of preliminary announcements

A hearing of the Disciplinary Tribunal of the Financial Reporting Council ("FRC") will commence on Monday 15 January 2018 at 10.00am to consider a Formal Complaint against (1) John Shannon, former Chief Executive Officer of AssetCo plc, and a member of Chartered Accountants Ir...

The Financial Reporting Council (FRC) has completed a triennial review of FRS 102 and confirmed the simplification of the measurement of directors’ loans to small entities, following the interim relief granted earlier this year. This is part of a package of amendments announce...

A new report from the Financial Reporting Council’s Financial Reporting Lab (the Lab) (PDF) concludes that XBRL (eXtensible Business Reporting Language) is an important technology in the path to digitisation of company reporting

Uniquely in the UK, auditors report publicly on the materiality threshold applied to focus their audit work, disclosing what level of misstatement or omission they consider matters to users of financial statements.

The Financial Reporting Lab (the Lab) invites investors, analysts and companies of all sizes to participate in a project on effective Reporting on Performance.