News

The FRC today launched a consultation to assess the effectiveness of the Client Asset Audit Standard (CASS Standard) which was introduced in 2015. The standard was developed both to support the Financial Conduct Authority’s regulatory activity and oversight of the CASS sector,...

Auditors’ work on the information in the front end of company reports outside of the financial statements does not meet the requirements of Auditing Standards consistently, according to a new report from the Financial Reporting Council (FRC). Inconsistency in the extent and qu...

The Financial Reporting Lab (the Lab) is calling for investors and companies of all sizes to participate in a new project.  Following on from the Lab’s reports on risk, viability and dividend policy this project will explore best practice disclosures around the sources and ...

The Financial Reporting Council (FRC) has become an approved signatory for the Disability Confident Government scheme

Gay Huey Evans spoke on various aspects of corporate governance including international trends, corporate culture and climate reporting.  Read or download the speech by Gay Huey Evans, Deputy Chair FRC, from the event, Board Network – The Danish Professional Directors Assoc...

The Financial Reporting Council (FRC) welcomes the publication today of the report by the Taskforce on Disclosures about Expected Credit Losses (‘Taskforce’). 

The Financial Reporting Council (FRC) announces that the Formal Complaint against Sushovan Hussain, former Chief Financial Officer of Autonomy Corporation plc, has been stayed, pending the outcome of his intended appeal against his conviction on 16 counts of fraud in the Unite...

The Financial Reporting Council's (FRC) Financial Reporting Lab has released its quarter 3-4 newsletter.

The Financial Reporting Council’s (FRC) Executive Counsel has delivered a disciplinary Formal Complaint, under the Accountancy Scheme, against KPMG LLP and one of its partners, David Costley-Wood (the Respondents), a member firm and member respectively of the ICAEW.

The Financial Reporting Council (FRC) has commenced an investigation into the audit by Grant Thornton UK LLP (GT) of the financial statements of Patisserie Holdings Plc for the years ended 30 September 2015, 2016 and 2017. The investigation will be conducted under the Audit En...