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FRC launches revised Audit Enforcement Procedure

A more integrated regulatory approach enabling more targeted and timely responses to cases

FRC launches revised audit supervision approach

A phased approach with a focus on Systems of Quality Management (SoQM) starting from April 2026

Latest News

• Sanctions against HW Fisher LLP and Simon Mott-Cowan

  Published: 27 October 2026

• FRC consults on proposed changes to AS TM1

  Published: 26 October 2026

• New thematic reviews provide practical examples to strengthen corporate reporting

  Published: 14 October 2026

• FRC releases guidance to support auditors get ahead on reducing boilerplate language

  Published: 13 October 2026

• Sanctions against Deloitte LLP

  Published: 8 October 2026

• Closure of investigation regarding the audit of Joules Group plc by Deloitte LLP

  Published: 8 October 2026

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Open Consultations

• Consultation on Safeguarding Assurance for Payment and E-Money Institutions Standard

  Response deadline: 26 November 2026

• Consultation on AS TM1 v5.3 (October 2026)

  Response deadline: 27 November 2026

View all consultations

Standards and Codes

We set standards and codes for the UK

• Accounting Standards
• Auditing Standards
• Actuarial Standards
• UK Corporate Governance Code 2024
• UK Stewardship Code 2026
• The Wates Corporate Governance Principles for Large Private Companies

Supervision

We deliver supervisory and monitoring obligations

• Audit Firm Supervision
• Audit Market Supervision
• Audit Quality Review
• Corporate Reporting Review
• Professional Bodies Supervision
• Audit Firm Resources
• Audit Supervision Reports

Enforcement

We conduct investigations and take enforcement action where appropriate

• Audit Enforcement Procedure
• Accountancy Scheme
• Actuarial Scheme
• Enforcement Cases
• Register of Published Constructive Engagement Cases

Working at the FRC

The FRC currently has a range of vacancies from entry level to senior hires. Find out more about working at the FRC.

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