News
This page list press notices and announcements issued by the FRC.
1630 pages found.
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Roundtable invitation: Assurance of Sustainability Reporting Market Study
On the 21 March 2024, the Financial Reporting Council (FRC) announced the launch of a market study into the market for the assurance of sustainability reporting (sustainability assurance). The FRC invites stakeholders to take part in two focused roundtabl
3 May 2024
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Webinar Reminder: FRC revisions to FRS 102 - UK & Ireland accounting standards
The Financial Reporting Council (FRC) invites stakeholders to attend an upcoming webinar on its recent revisions to FRS 102 on Wednesday 15 May 2024, 11:00-12:00 (BST).
25 April 2024
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Rate Regulated Activities Economic Study
This preliminary assessment is subject to change as the IASB deliberates on additional topics in anticipation of a standard being published in 2025.
19 April 2024
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Sanctions against Grant Thornton UK LLP
Pursuant to the Auditor Regulatory Sanctions Procedure, and following an inspection by the Financial Reporting Council (FRC)’s Audit Quality Review (AQR) team, the FRC’s Enforcement Committee (Committee) has concluded that Grant Thornton UK LLP failed to
8 April 2024
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UKEB Outreach on the IASB’s Exposure Draft: Business Combinations – Disclosures, Goodwill and Impairment
The UKEB aims to understand UK stakeholder views on the IASB’s Exposure Draft, and stakeholders are invited to participate in our outreach events, to be carried out jointly with the IASB.
4 April 2024
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UK and Australia audit authorities sign mutual recognition agreement in further boost to UK audit market
The UK’s Financial Reporting Council (FRC) and the Australian Securities and Investment Commission (ASIC) have today announced a Memorandum of Understanding on Reciprocal Arrangements (MOURA) making it easier for auditors to work between both countries.
28 March 2024
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FRC revises UK and Ireland accounting standards
The Financial Reporting Council (FRC) has today issued comprehensive improvements to financial reporting standards applicable in the UK and Republic of Ireland which are used by an estimated 3.4 million businesses.
27 March 2024
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FRC publishes plan and budget for 2024-25
The Financial Reporting Council (FRC) has today published its Plan and Budget for 2024-25, outlining its aims for a year of consolidation and prioritisation to support public interest outcomes and UK economic growth.
25 March 2024
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FRC launches market study on UK sustainability assurance market
The Financial Reporting Council (FRC) has today announced the launch of its first market study to examine the UK market for sustainability assurance services.
21 March 2024
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Roundtable invitation: UK Stewardship Code 2020 review
As part of the Financial Reporting Council (FRC)’s review of the UK Stewardship Code 2020, the FRC is holding a series of roundtable discussions on the efficacy of the 2020 Code. We would like to hear of any areas for potential improvement and the extent
14 March 2024
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Future updates to Corporate Governance Code Guidance
Following the publication of the revised UK Corporate Governance Code earlier this year the FRC updated the guidance, turning it into a live document containing links to relevant publications.
6 March 2024
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Sanctions against KPMG LLP and audit partner
The Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure and imposed sanctions against KPMG and Adrian Wilcox (the audit engagement partner) in respect of their statutory audit of M&C
4 March 2024
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FRC welcomes Bill Butler’s appointment as Chair of Public Sector Audit Appointments
The Financial Reporting Council (FRC) has today welcomed the appointment of Bill Butler as the new Chair of Public Sector Audit Appointments Limited (PSAA) who takes over from Steve Freer on 1 April 2024.
1 March 2024