Regulation

FRC requires climate-related reporting from 2022

The Financial Reporting Council (FRC) has outlined its ‘top 10’ areas where improvements to reporting are required, including reporting on…

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Insolvency service cracks down on bounce back loan abusers

The insolvency service has announced three directors have been banned following investigations which found that nearly £100k worth of bounce…

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ACCA: Accountancy profession ‘urgently’ needs to set net zero targets

ACCA has found that among 3,000 accountants and finance professionals, just 15% say their organisations have set targets to be…

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CFRF advises finance sector on climate-related risks

The Climate Financial Risk Forum (CFRF) has published today a second round of guides to help financial firms manage climate-related…

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FRC commences investigation into BDO audit of NMCN

The Financial Reporting Council (FRC) has revealed it has commenced an investigation in relation to the audit conducted by BDO…

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ACCA releases fraud prevention recommendations

The Association of Chartered Certified Accountants (ACCA) have released a new report providing recommendations for regulators, standard setters and auditors…

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IFS report warns of difficult choices for the Chancellor

The Institute for Fiscal Studies (IFS) has launched its annual Green Budget report, setting out its views on the prospects…

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IAS 37 a problem area in disclosure reports, FRC says

The Financial Reporting Council has published the findings of its review into IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’,…

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FCA chair to step down

The chair of the Financial Conduct Authority (FCA), Charles Randell has announced that he plans to step down in Spring…

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KPMG made ‘untruthful’ defence in Silentnight case, FRC says

KPMG constructed an untruthful defence and withheld evidence from regulators as it tried to cut a fine for misconduct during…

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