FRC
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Jun- 2025 -13 JuneAudit
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…
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May- 2025 -15 MayNews-In-Brief
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…
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15 MayRegulators
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…
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Apr- 2025 -29 AprilNews-In-Brief
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…
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29 AprilAccounting Standards
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…
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29 AprilRegulators
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…
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17 AprilBig Four
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…
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16 AprilNews-In-Brief
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…
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16 AprilRegulators
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…
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11 AprilNews-In-Brief
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,…