News

The FRC has today published a revised Audit Enforcement Procedure (“AEP”) and feedback statement. This follows consideration of the responses received to the consultation launched on 22 July 2021 regarding proposed amendments to the AEP.  

The FRC has today issued FRED 79 FRS 101 Reduced Disclosure Framework – 2021/22 cycle, which proposes no amendments to FRS 101 as a result of its latest annual review.

The Financial Reporting Council (FRC) has today announced its areas of supervisory focus for 2022/23, including priority sectors, for corporate reporting reviews and audit quality inspections.  

The Financial Reporting Council (FRC) today announces the closure of its investigation under the Accountancy Scheme in relation to the preparation and approval of Conviviality plc’s financial statements and other financial information by a member of the ICAEW.

The FRC has today published a Collection of Perspectives, following the FRC Culture Conference held in June 2021 that brought together a wide range of international experts to explore the important link between culture and high-quality audit.  

Today the FRC published ‘Effective Stewardship Reporting: Examples from 2021 and expectations for 2022’ which analyses reports from the first signatories to the revised Code published in September 2021.

Following the Financial Reporting Council's (FRC) call for feedback earlier this year, the FRC has today published a position paper summarising the responses to the call for feedback and setting out the FRC’s planned revisions to non-sector specific aspects of the Technical Ac...

The Annual Review of Corporate Governance published today by the Financial Reporting Council found that there was a general improvement in reporting against the UK Corporate Governance Code. The report highlights areas of high-quality reporting, however, there is still room fo...

This newsletter celebrates the Financial Reporting Lab’s Tenth Anniversary. It looks back at some of the Lab’s achievements over the past ten years; discusses recent Lab publications; includes reflections from stakeholders on the Lab’s work; and looks forward to 2022 and beyo...

The Financial Reporting Council (FRC) has today published its latest edition of Developments in Audit, which sets out the FRC’s annual assessment of UK audit and ongoing expectations for how audit firms should deliver audit quality improvements to deliver a more effective audi...