Third of UK audits fail FRC’s quality test

The Financial Reporting Council’s (FRC) latest audit inspection results have found nearly 33% of audits conducted by the UK’s largest accounting firms failed to meet the watchdog’s quality standards.
Join 15,000 accountancy professionals with a membership
Get unlimited access and stay in the know. First-year special offer pricing. Cancel any time.
You have read 2/2 free articles this month.
How many members should have access to the subscription?
Monthly
Yearly
Save £9.89
No, thanks
I already have an account
The Financial Reporting Council’s (FRC) latest audit inspection results have found nearly 33% of audits conducted by the UK’s largest accounting firms failed to meet the watchdog’s quality standards.