Regulators

FRC to focus on going concern and fraud in 23/24

The Financial Reporting Council (FRC) has announced its new areas of supervisory focus for the next financial year with a…

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FCA begins probe into Mazars audit of Studio Retail

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

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New funding for UK regulators to further access abroad

New funding for regulators and accountancy professional bodies is set to benefit UK professionals who are looking to work abroad…

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FRC reports record financial sanctions of £46.5m in past year

The Financial Reporting Council (FRC) has announced its annual enforcement review which revealed it resolved a record number of cases…

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FRC urges audit firms to address exams cheating

The Financial Reporting Council (FRC) has sought assurances from both audit firms and professional bodies in the accounting industry regarding…

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FRC confirms £3.3m fine for KPMG over Rolls-Royce audit

The Executive Counsel of the Financial Reporting Council (FRC) has issued a £3.3m fine to KPMG Audit plc (KPMG) and…

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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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