Regulators
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Jan- 2022 -5 January
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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Dec- 2021 -22 December
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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17 December
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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6 December
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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1 December
FRC finds ‘room for improvement’ in stewardship reporting
The Financial Reporting Council (FRC) has argued there is still room for improvement in the way stewardship reporting is explained.…
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Nov- 2021 -16 November
FRC report highlights key elements for ‘high quality’ audits
A new report from the Financial Reporting Council (FRC) has set out the key elements required by audit firms to…
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Oct- 2021 -26 October
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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21 October
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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15 October
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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12 October
FCA staff launch formal petition for union recognition
Staff at the Financial Conduct Authority (FCA) have launched a formal petition for union recognition following concerns they have with…
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