News

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...

The Financial Reporting Council (FRC) is consulting with stakeholders to determine how effective the changes to ethical and auditing standards in 2016 have been in delivering high quality audit, and whether further steps are now needed to strengthen auditor independence, reduc...

The Financial Reporting Council (FRC) announces new appointments to the Actuarial and Audit & Assurance Councils.

The Financial Reporting Council (FRC) will, in 2019/20, supplement its routine AQR monitoring programme with two thematic reviews. These thematic reviews, which focus on aspects of audit practice across a number of firms to identify both scope for improvement and good practice...

Responding to the 2018 report from the Hampton Alexander Review, Tracy Vegro, Executive Director Strategy & Resources at the FRC said:   “We welcome the progress that has been made on diversity in British boardrooms but the pace at which FTSE 350 Boards need to appoint more ...

Consultation: Actuarial Statement of Recommended Practice 1: Financial Analysis of Social Security Programmes

The Financial Reporting Lab (The Lab) has published guidance for companies on the presentation of performance metrics in their reporting following calls for clarity from investors.

Smaller companies should provide more specific disclosures of significant accounting judgements and more quantitative information on key sources of estimation uncertainty according to a new report by the Financial Reporting Council (FRC), reporting by smaller listed and AIM qu...

The Financial Reporting Council (FRC) has today published two thematic reviews to help companies improve the quality of their corporate reporting in relation to the new accounting standards IFRS 9 ‘Financial Instruments’ and IFRS 15 'Revenue from Contracts with Customers’

Stephen Haddrill has informed the Board of the FRC that he intends to step down from his role as Chief Executive Officer of the Financial Reporting Council in late 2019. The exact date of his departure will depend on a number of factors including the outcome of Sir John Kingma...