Regulators

FRC fines Deloitte £2m over Mitie Group audit breach

The Financial Reporting Council (FRC) has issued a financial sanction of £2m against Deloitte LLP and its audit engagement partner,…

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FRC publishes three-year plan towards ARGA

The Financial Reporting Council (FRC) has published its three-year plan which sets out the FRC’s progress towards establishing the new…

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FRC appoints four new non-executive directors to its board

The Financial Reporting Council (FRC) has announced it has appointed four new non-executive directors to its board. Angela Cha, Sir…

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ICAEW regulatory board appoints new chair

The ICAEW Regulatory Board (IRB) has announced the appointment of Philip Nicol-Gent as its new chair. He will begin his…

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FRC to investigate PwC’s Babcock audits

The Financial Reporting Council (FRC) has commenced an investigation into the statutory audits by PricewaterhouseCoopers LLP (PwC) of Babcock International…

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FRC to investigate MacIntyre Hudson audits of MRG Finance

The Financial Reporting Council has commenced an investigation into MacIntyre Hudson’s audits of MRG Finance UK. The audits in question were…

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FRC fines Mazars £314,000 for audit failings

The Financial Reporting Council (FRC) has issued a £314,000 sanction to Mazars for its audit of a local government authority’s…

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Gov nominates Jan du Plessis to lead FRC

Business secretary Kwasi Kwarteng has announced that Jan du Plessis is the government’s preferred candidate to become the new chair…

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FRC to begin hearing of KPMG audit of Carillion in January 2022

The Financial Reporting Council (FRC) will begin its hearing of the Formal Complaint of ­the Executive Counsel against KPMG in…

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FRC unveils 2022/23 supervisory target areas

The Financial Reporting Council (FRC) has unveiled its areas of supervisory focus for 2022/23, in relation to corporate reporting reviews…

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