Financial Reporting Council (FRC)
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Aug- 2021 -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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12 AugustRegulators
FRC issued £16.7m worth of financial sanctions, report finds
The Financial Reporting Council (FRC) reportedly issued £16.7m worth of financial sanctions this year, increasing from the £16.4m made in…
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6 AugustRegulators
FRC launches search for new chair
The Government has launched a search to recruit the next chair of the Financial Reporting Council (FRC). The accountancy watchdog…
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Jul- 2021 -30 JulyRegulators
FRC enforcement division grows 44%
The Financial Reporting Council (FRC) has revealed that its enforcement division has grown by 44% in the last year, to…
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26 JulyRegulators
ARGA could face delay due to slow appointments, FRC chair warns
The Financial Reporting Council’s (FRC) interim chair Keith Skeoch, has expressed there is a “grave risk” that the slow pace…
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23 JulyAccounting Firms
FRC raises concerns over KPMG’s banking audits
The Financial Reporting Council (FRC) has published its annual inspection and supervision results for 2020/21 which showed that nearly one…
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14 JulyRegulators
L&G chair criticises gov for failing FRC
Sir John Kingsman, chairman at Legal and General, has criticised the government for failing to support the Financial Reporting Council…
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14 JulyRegulators
FRC appoints new executive director of supervision
The Financial Reporting Council (FRC) has announced the appointment of Sarah Rapson as the new executive director for the group’s…
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7 JulyAccounting Standards
FRC sets ESG reporting plan of action
The Financial Reporting Council (FRC) has outlined the necessary action needed to be taken for environmental, social, and governance (ESG)…
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