News

New data from the Financial Reporting Council (FRC) has revealed the challenger audit firms have increased their share of FTSE 250 audits, up from 4.8% to 7.6%, however all FTSE 100 companies continue to be audited by a Big Four firm. The FRC’s latest Key Facts and Trends in t...

The Financial Reporting Council (FRC) has today announced the appointment of Sarah Rapson as the new Executive Director, Supervision.

The Financial Reporting Council (FRC) has today issued revised quality management standards for an audit firm’s responsibilities to design, implement and operate a system of quality management.

The UK Endorsement Board (UKEB) invites stakeholders to an interactive panel discussion on the IASB’s Third Agenda Consultation. This is a key opportunity for UK stakeholders to help shape the future of financial reporting.

The FRC has today published the FRC Statement of Intent on Environmental, Social and Governance challenges. This paper sets out areas in which there are issues with ESG information if companies are to report in a way that meets the demands of stakeholders, how to address some ...

The UK Endorsement Board (UKEB) invites stakeholders to an interactive panel discussion on the IASB’s Third Agenda Consultation.

The Financial Reporting Council (FRC) has today announced the appointment of Hannah Nixon and Ruwan Weerasekera as Non-Executive Directors (NEDs) to the FRC Board.

The Financial Reporting Council (“FRC”) has commenced an investigation into PwC LLP in relation to its audit of the consolidated financial statements of Wyelands Bank plc for the year ended 30 April 2019. The decision was made at a meeting of the FRC’s Conduct Committee on...

The Financial Reporting Council (FRC) has commenced an investigation into Saffery Champness in relation to its audit of the financial statements of Greensill Capital (UK) Limited for the year ended 31 December 2019.