News

The Financial Reporting Council (FRC) is today launching a consultation on revisions to the Standards for Investment Reporting (SIRs) 1000-5000 and on an exposure draft for a new SIR 6000 dealing with Quantified Financial Benefits Statements

Sanctions have been levied against KPMG, its partner Mark Taylor, former partner Anthony Hulse and Douglas Morgan a former director of Equity Syndicate Management Limited (ESML), following investigations by the Financial Reporting Council (FRC). An independent Tribunal made fi...

A hearing of the Disciplinary Tribunal of the Financial Reporting Council ("FRC") will commence on Tuesday 21 May 2019 at 10.00 am to consider a Formal Complaint against (1) KPMG Audit Plc, a member firm of the ICAEW and (2) Richard Hinton, a partner of KPMG Audit Plc and a me...

The Joint Forum on Actuarial Regulation (JFAR) has today published its Risk Perspective: 2018 Update setting out its collective view on current risks to high quality actuarial work.

The FRC has appointed Richard Lawrence to the Audit & Assurance Council from 1 April 2019.

A FRC spokesperson said: “We welcome the CMA’s proposals to enable the UK audit market to work better in the interests of investors and other users of financial information. We also support the CMA’s objective that reform should drive audit quality and that the regulator s...

FRC confirms commitment to remit and agenda set out by Secretary of State

Sanctions have been imposed against Baker Tilly UK Audit LLP ("Baker Tilly") and its partners Richard King and Steven Railton, following an investigation by the Financial Reporting Council (FRC), in relation to the audit of the financial statements of Tanfield Group plc ("Tanf...

The Financial Reporting Council (FRC) has commenced an investigation into the audit by Grant Thornton UK LLP of the financial statements of Interserve Plc for the years ended 31 December 2015, 2016 and 2017. The investigation will be conducted under the Audit Enforcement Proce...

Paul Druckman retires from the Board of the FRC.