Regulators

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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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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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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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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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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