Financial Reporting Council (FRC)
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Oct- 2022 -27 OctoberAccounting Standards
FRC reiterates need for high-quality disclosures in corporate review
The Financial Reporting Council has “reiterated the need for high-quality disclosures from companies during periods of economic uncertainty”. To support…
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Sep- 2022 -9 SeptemberPractice Regulation
Earnings per share reviewed by the FRC
The Financial Reporting Council (FRC) has published its thematic review of earnings per share (EPS), which means that all companies…
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8 SeptemberBusiness Regulation
FRC reveals new signatories to UK Stewardship Code
The Financial Reporting Council (FRC) has revealed the list of signatories to the UK Stewardship Code following its Spring 2022…
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Aug- 2022 -19 AugustAudit
FRC publishes regulations for new PIE Auditor Register
The Financial Reporting Council (FRC) has published the regulations for the upcoming PIE Auditor Register, following the Government’s response to…
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9 AugustBig Four
KPMG to restart bids for UK government contracts
KPMG has restarted its bid for UK government contracts, after the Big Four accounting firm withdrew from public sector tenders…
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8 AugustBig Four
Big Four auditors up advisory fee incomes
The Big Four firms have increased their audit fee income by 6.5% from 2020 to 2021 despite the challenging economic…
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3 AugustRegulation
Digital security risk disclosures insufficient, FRC finds
The Financial Report Council (FRC) has found that disclosures of digital security risks are not meeting investor needs effectively, and…
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Jul- 2022 -28 JulyRegulators
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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25 JulyAccounting Standards
100% of Grant Thornton’s audits deemed ‘good’, FRC finds
The Financial Reporting Council (FRC) has found that 100% of Grant Thornton’s audits which were inspected were deemed as “good”…
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18 JulyRegulators
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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