Financial Reporting Council (FRC)
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May- 2021 -28 MayRegulators
FRC revises auditing standards for fraud responsibilities
The Financial Reporting Council (FRC) has announced a revision to its auditing standard regarding the responsibilities of auditors relating to…
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25 MayRegulators
FRC launches survey into scenario analysis
The Financial Reporting Council (FRC) has launched a survey into the use of scenario analysis by FTSE 350 companies as…
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24 MayRegulators
Auditor fines issued by FRC jump 180% to £25m in a year, study shows
The value of fines issued by the Financial Reporting Council (FRC) to auditors rose 180% to just under £25m in…
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24 MayCorporate Governance
Annual reports downplay workforce engagement importance, FRC finds
The Financial Reporting Council (FRC) has published a report into the UK Corporate Governance Code, specifically into company engagement with…
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18 MayRegulators
FRC highlights ‘room for improvement’ in interim reports
The Financial Reporting Council (FRC) has highlighted that companies need to provide “better explanations” on balance sheet movements in their…
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14 MayAudit
FRC sanctions UHY Hacker Young over audit quality
The Financial Reporting Council (FRC) has issued a trio of sanctions against UHY Hacker Young and Julie Wilson, an audit…
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12 MayRegulation
FRC fines Haysmacintyre over audit failures
The Financial Reporting Council (FRC) has imposed sanctions against Haysmacintyre LLP and audit engagement partner David Cox, regarding the audit…
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10 MayRegulators
FRC contributes to regulatory initiatives forum
The Financial Services Regulatory Initiatives Forum has published its third edition of the regulatory initiatives grid which for the first…
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6 MayRegulators
FRC imposes Severe Reprimand on Richard Jones
The Financial Reporting Council (FRC) has imposed a Severe Reprimand and a financial penalty of £100,000 to Richard Jones in…
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4 MayPeople Moves
FRC appoints 19 new member to advisory panel
The Financial Reporting Council (FRC) has announced the appointment of 19 new members to its advisory panel with immediate effect.…
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