Financial Reporting Council (FRC)
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Dec- 2021 -1 DecemberRegulators
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 NovemberAudit
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 -21 OctoberAccounting Firms
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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Sep- 2021 -27 September
FRC fines Grant Thornton £2.34m over Patisserie Valerie audit failings
The Financial Reporting Council (FRC) has issued a £2.34m fine against Grant Thornton UK in relation to their audit of…
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23 SeptemberRegulators
FRC calls for better reporting of liquidity and going concern disclosures
The Financial Reporting Council (FRC) has called on businesses to improve their reporting of liquidity, solvency, longer-term viability and going…
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8 SeptemberRegulators
FRC calls for improvements to emissions and energy consumption reporting
The Financial Reporting Council (FRC) has claimed that more needs to be done to make emissions and energy consumption reporting…
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1 SeptemberBig Four
FRC issues formal KPMG complaint over false information allegations
The Financial Reporting Council (FRC) has issued a formal complaint against KPMG over allegedly false and/or misleading information provided in…
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Aug- 2021 -27 AugustRegulators
FRC opens draft taxonomies 2022 suite to consultation
The Financial Reporting Council (FRC) has opened changes to the draft FRC taxonomies 2022 suite for consultation. Issued on the…
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26 AugustRegulators
FRC launches audit firm governance consultation
The Financial Reporting Council (FRC) has announced a consultation on proposals to update the audit firm governance code. Relating to…
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25 AugustAccounting Firms
EY hit with £2.2m fine for Stagecoach Group audit failings
The Financial Reporting Council (FRC) has imposed a financial sanction of over £2.2m against Ernst and Young (EY) in relation…
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