FRC

FRC fines KPMG £690k over auditor independence breach

The FRC has fined KPMG £690,625 for breaching auditor independence rules in its 2021 audit of Carr’s Group by relying…

Today’s news in brief – 15/5/2025

The UK’s Financial Reporting Council (FRC) published a discussion paper revealing broad stakeholder support for the evolution of digital reporting…

FRC unveils stakeholder backing for next phase of UK digital reporting

Stakeholders support digital reporting and foster the collaborative approach needed to address the challenges in the next phase of digital…

Today’s news in brief – 29/4/2025

Grant Thornton has promoted Sreekanth Gaddamanugu and Dylan Rees to partners within its audit practice. Gaddamanugu, based in Birmingham, will…

ACCA urges FRC to drive ‘proportionate’ SME audit requirements

Global accountancy body The Association of Chartered Certified Accountants (ACCA), is calling on the UK regulator to ensure that audit…

FRC flags ongoing issues in digital company reporting

Companies still face challenges with more complex aspects of digital reporting, the FRC has revealed.  The new FRC annual review…

FRC sanctions EY over SWSF 2019 audit

The FRC has sanctioned EY and its audit engagement partner Christopher Voogd over Stirling Water Seafield Finance’s (SWSF) 2019 financial…

Today’s news in brief – 16/4/2025

The Financial Reporting Council (FRC) has launched an investigation into EY’s audits of Post Office Limited for the years 2015…

FRC to investigate EY’s Post Office audits from 2015 to 2018

The FRC has announced the opening of an investigation into the EY statutory audits of Post Office Limited for the…

Today’s new in brief – 11/4/2025

Simmons Gainsford has acquired Defries Weiss, a long-established accountancy firm based in Golders Green, North London. The seven-member UK team,…