FRC

FRC revises accounting standards for UK and Ireland

The Financial Reporting Council (FRC) has issued new improvements to financial reporting standards for the UK and Republic of Ireland.The…

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FRC to strengthen auditor reporting requirements

The Financial Reporting Council (FRC) has launched a consultation to strengthen auditor requirements to detect and report material misstatements from…

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Todays news in brief – 19/09/2023

Irish accountancy and wealth management firm Quintas has joined forces with the Xeinadin Group, a prominent professional services group in…

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FRC uncovers examples of exam cheating at audit firms

The UK accounting regulator has discovered examples of exam cheating at audit firms after scandals in the US, Canada and…

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FRC outlines approach with 3-year plan

The Financial Reporting Council (FRC) has announced its 2023-2026 draft three-year plan which sets out its priorities for the next…

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FRC sets out public interest principles

The Financial Reporting Council (FRC) has published a set of principles that it will use to assess whether the public…

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FRC Carillon report details KPMG audit misconduct

The FRC has published the report of the independent disciplinary tribunal detailing its findings of misconduct by KPMG LLP, a…

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FRC Lab publishes report on ESG data collection

The FRC Lab has published a report on ESG data production, designed to help companies consider how to collect and…

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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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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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