News

News

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18 January 2022
Today the FRC has published its 3-year Plan for 2022-25. The 3-year Plan acknowledges the FRC’s continued commitment to being an effective and transparent regulator as it prepares to transition to the Audit, Reporting and Governance Authority. It contains a detailed breakdown ...
News - Planning
17 January 2022
The Financial Reporting Council (FRC) has commenced an investigation into the statutory audits by PricewaterhouseCoopers LLP (PwC) of the consolidated financial statements of Babcock International Group plc (Babcock) for the years ended 31 March 2019 and 2020.
News - Accounting - Audit Monitoring - Auditing
14 January 2022
The Disciplinary Tribunal Hearing of the Formal Complaint against KPMG and others, which started on 10 January 2022 via remote proceedings, will take place in-person from Monday, 17th January 2022. 
News - Accounting - Auditing
7 January 2022
The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audits conducted by MacIntyre Hudson LLP (trading as MHA MacIntyre Hudson) of the financial statements of MRG Finance UK plc for the years ended 31 December 2018 and 31 December 2019. ...
News - Accounting - Auditing
5 January 2022
Pursuant to the Auditor Regulatory Sanctions Procedure, the FRC’s Enforcement Committee (the Committee) has concluded that Mazars LLP (Mazars) failed to comply with the Regulatory Framework for Auditing in its audit of a local government authority’s 2019 financial statements. 
News - Accounting - Audit Monitoring - Auditing
21 December 2021
Business Secretary Kwasi Kwarteng has today announced that Jan du Plessis is the Government’s preferred candidate to become the new Chair of the Financial Reporting Council (FRC)
News - Accounting - Auditing - Corporate Governance
17 December 2021
The Financial Reporting Council (FRC) has today published the latest list of companies whose reports and accounts have been reviewed by its Corporate Reporting Review function.
News - Accounting - Corporate Reporting
16 December 2021
The hearing of the Formal Complaint of ­the Executive Counsel to the Financial Reporting Council (“FRC”) under the Accountancy Scheme against KPMG LLP, a former KPMG partner, and certain current and former KPMG employees will begin on 10 January 2022.
News - Accounting - Audit Monitoring - Auditing - Discipline
14 December 2021
The Financial Reporting Council (FRC) has conducted a review of the assumptions set within Actuarial Standard Technical Memorandum 1 (AS TM1) that are mandated for use in the annual Statutory Money Purchase Illustrations (SMPIs) received by people saving for retirement in defi...
News - Actuarial
9 December 2021
Aligning culture with purpose, values and strategy can strengthen a company’s business model, help to better manage resources and be more equipped to face future challenges, according to a new report issued today by the FRC.   Creating positive culture – opportunities and ch...
News - Corporate Governance
      
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