Financial Reporting Council (FRC)
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Mar- 2023 -31 MarchLatest News
FRC welcomes Green Finance Strategy
The Financial Reporting Council (FRC) has recently welcomed the government’s updated Green Finance Strategy in a joint statement with the…
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27 MarchRegulators
FRC outlines three-year plan as costs to rise £6.5m
The Financial Reporting Council (FRC) has published its latest three-year plan, outlining its priorities and objectives for the period 2023-2026.…
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Feb- 2023 -13 FebruaryRegulators
FRC chief leaves to join HS2
CEO of the Financial Reporting Council (FRC) Sir Jon Thompson has resigned from his position to become chair of HS2.…
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Jan- 2023 -20 JanuaryAccounting Standards
FRC launches thematic review of retirement income advice
The Financial Reporting Council (FRC) has revealed it is undertaking a thematic review assessing the advice consumers are receiving on…
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16 JanuaryAccounting Standards
FRC to investigate EY audit of Veolia UK unit
The Financial Reporting Council (FRC) has started an investigation into EY’s audit of the financial statements of Stirling Water Seafield…
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Dec- 2022 -21 DecemberBig Four
FRC fines KPMG £14.4m over Carillion audit
The Financial Reporting Council (FRC) has revealed it has fined KPMG £14.4m after it provided “false and misleading” information and…
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20 DecemberAudit
FTSE 100 fees paid to auditors surpass £1bn in 2021/22
Fees paid by FTSE 100 companies to audit firms have reached over £1bn for the first time this financial year,…
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19 DecemberRegulators
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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8 DecemberAudit
FRC to introduce new support for small audit firms
The Financial Reporting Council (FRC) has announced new supervision measures which aim to support smaller audit firms seeking to grow…
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Nov- 2022 -24 NovemberAudit
FRC sets out good practice for audit scepticism
The Financial Reporting Council (FRC) has published a new report setting out examples of good practice to improve auditor scepticism…
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