Processes in Relation to PIE Audits

Published: 24 September 2023

5 minute read

Introduction

The FRC, in its role as Competent Authority, receives applications in respect of PIE audits, concerning exemptions from the cap on non-audit fees, determinations of the start of an audit engagement period in cases of uncertainty and extensions of the maximum duration of an audit engagement. This section sets out the processes for submitting such applications, the applications which have been approved, the process for applying to the High Court for the dismissal of a statutory auditor/audit firm, and the procedure audit firms should follow to comply with the requirements of the FRC’s Ethical Standard in respect of breach reporting for auditors of Public Interest Entities.

Processes

Documents
Name Process for applications for exemption from cap on non audit fees​
Publication date 17 June 2016
Type Policy
Format PDF, 100.0 KB
Name Process for applications to extend the maximum duration of the audit engagement
Publication date 1 June 2016
Type Policy
Format PDF, 102.4 KB
Name Process for requesting the competent authority determines the start of an audit engagement
Publication date 17 June 2016
Type Policy
Format PDF, 149.0 KB
Name Policy on publication of the above - June 2016
Publication date 17 June 2016
Type Policy
Format PDF, 28.8 KB
Name Process for applying to the High Court for the dismissal of a statutory auditor
Publication date 17 June 2016
Type Policy
Format PDF, 16.2 KB

Ethics Breach Reporting Policy for Auditors of Public Interest Entities (PIEs)

This note sets out the procedure audit firms should follow to comply with the requirements of the FRC’s Ethical Standard in respect of breach reporting for auditors of Public Interest Entities.

Documents
Name Public Interest Entity Audit Firm Breach Reporting
Publication date 28 January 2022
Format PDF, 225.9 KB
Name Template Summary of Breaches
Publication date 28 January 2022
Format XLSX, 36.6 KB

Quarterly publications

Documents
Name Decisions taken by the FRC to extend the maximum duration of an audit engagement (31 October 2024)
Publication date 14 November 2024
Format PDF, 27.4 KB
Name Decisions taken by the FRC on applications for exemption from cap on non-audit fees (31 October 2024)
Publication date 14 November 2024
Format PDF, 23.4 KB
Name Applications for the competent authority to determine the start of an audit engagement period in cases of uncertainty (31 October 2024)
Publication date 14 November 2024
Format PDF, 23.9 KB
Name Decisions taken by the FRC to extend the maximum duration of an audit engagement (July 2024)
Publication date 31 July 2024
Format PDF, 23.9 KB
Name Decisions taken by the FRC on applications for exemption from cap on non-audit fees (31 July 2024)
Publication date 31 July 2024
Format PDF, 21.0 KB
Name Applications for the competent authority to determine the start of an audit engagement period in cases of uncertainty (July 2024)
Publication date 31 July 2024
Format PDF, 21.6 KB
Name Decisions taken by the FRC to extend the maximum duration of an audit engagement (May 2024)
Publication date 8 May 2024
Format PDF, 22.4 KB
Name Decisions taken by the FRC on applications for exemption from cap on non-audit fees (May 2024)
Publication date 8 May 2024
Format PDF, 21.0 KB
Name Applications for the competent authority to determine the start of an audit engagement period in cases of uncertainty (May 2024)
Publication date 8 May 2024
Format PDF, 21.6 KB
Name Decisions taken by the FRC to extend the maximum duration of an audit engagement
Publication date 7 February 2024
Format PDF, 1.1 MB
Name Decisions taken by the FRC on applications for exemption from cap on non-audit fees
Publication date 7 February 2024
Format PDF, 1.1 MB
Name Applications for the competent authority to determine the start of an audit engagement period in cases of uncertainty
Publication date 7 February 2024
Format PDF, 1.2 MB
Name Decisions taken by the FRC to extend the maximum duration of an audit engagement
Publication date 14 November 2023
Format PDF, 1.2 MB
Name Decisions taken by the FRC on applications for exemption from cap on non-audit fees
Publication date 14 November 2023
Format PDF, 1.2 MB
Name Applications for the competent authority to determine the start of an audit engagement period in cases of uncertainty
Publication date 14 November 2023
Format PDF, 1.1 MB
Name Decisions Taken by the FRC Max Duration Audit Engagement Quarter End
Publication date 11 August 2023
Format PDF, 57.6 KB
Name Decisions taken by FRC Non-Audit Services
Publication date 11 August 2023
Format PDF, 1.1 MB
Name Applications to the CA 31 July 2023
Publication date 11 August 2023
Format PDF, 8.7 KB
Name Applications-to-the-CA determinations for the start of an audit engagement- quarter ending 30-April-
Publication date 14 May 2021
Format PDF, 15.8 KB
Name Decisions taken by the FRC Non Audit Services_30 Apr 2023
Publication date 10 May 2023
Format PDF, 59.9 KB
Name Decisions Taken by the FRC to Extend the Maximum Duration of an Audit Engagement April 2023
Publication date 10 May 2023
Format PDF, 112.6 KB
Name Applications to the CA 31 January 2023
Publication date 8 February 2023
Format PDF, 21.4 KB
Name Decisions taken by the FRC Non Audit Services 31 January 2023
Publication date 8 February 2023
Format PDF, 1.1 MB
Name Decisions taken by the FRC to extend the maximum duration of an audit engagement
Publication date 8 February 2023
Format PDF, 1.1 MB
Name Decs taken by FRC extend max dur audit engmnt qtr end_31 Oct 2022
Publication date 11 November 2022
Type Statement
Format PDF, 26.8 KB
Name Applications to the CA_31 Oct 2022
Publication date 11 November 2022
Type Statement
Format PDF, 25.5 KB
Name Decisions taken by the FRC Non Audit Services_31 Oct 2022
Publication date 11 November 2022
Type Statement
Format PDF, 25.3 KB
Name Decs taken by FRC extend max dur audit engmnt qtr end_31 Jul 2022
Publication date 5 August 2022
Format PDF, 27.9 KB
Name Applications to the CA_31 Jul 2022
Publication date 5 August 2022
Format PDF, 25.5 KB
Name Decisions taken by the FRC Non Audit Services_31 Jul 2022
Publication date 5 August 2022
Format PDF, 29.4 KB
Name Decisions taken by FRC to extend the maximum duration of an audit engagement quarter end 30 April 20
Publication date 12 May 2022
Format PDF, 63.4 KB
Name Applications for the competent authority to determine the start of an audit engagement period in cas
Publication date 12 May 2022
Format PDF, 12.3 KB
Name Decisions taken by the FRC on applications for exemption from cap on non audit fees
Publication date 12 May 2022
Format PDF, 14.4 KB
Name Decisions-taken by the FRC Non Audit Services-31 Jan 2022
Publication date 8 February 2022
Type Statement
Format PDF, 28.2 KB
Name Determination of start Applications to the CA-31 Jan 2022
Publication date 8 February 2022
Type Statement
Format PDF, 27.2 KB
Name Decs taken by FRC extend max dur audit engmnt qtr end - 31 Jan 22
Publication date 8 February 2022
Type Statement
Format PDF, 28.0 KB
Name Decisions taken by the FRC Non Audit Services 31 Oct 2021
Publication date 12 November 2021
Type Statement
Format PDF, 26.9 KB
Name Determination of start Applications to the CA 31 Oct 2021
Publication date 12 November 2021
Type Statement
Format PDF, 27.2 KB
Name Decs taken by FRC extend max dur audit engmnt qtr end 31 10 21
Publication date 12 November 2021
Type Statement
Format PDF, 28.0 KB
Name Decisions-taken-by-the-FRC-Non-Audit-Services-31-July-2021
Publication date 12 August 2021
Format PDF, 10.0 KB
Name Applications-to-the-CA-determinations for the start of an audit engagement 31-July-2021
Publication date 12 August 2021
Format PDF, 8.1 KB
Name Decisions-taken-by-FRC-extensions-to-the-maximum-duration-audit-of-an-audit-engagement-31-July-2021
Publication date 12 August 2021
Format PDF, 9.3 KB
Name Decisions-taken-by-the-FRC-Non-Audit-Services-30-April-2021
Publication date 14 May 2021
Format PDF, 14.2 KB
Name Applications-to-the-CA determinations for the start of an audit engagement- quarter ending 30-April-
Publication date 14 May 2021
Format PDF, 15.8 KB
Name Decisions-taken-by-FRC-to extend-maximum-duration-of an audit-engagement-quarter-ending-30 April 202
Publication date 14 May 2021
Format PDF, 65.7 KB
Name Decisions taken by the FRC - Non Audit Services 31 January 2021
Publication date 11 February 2021
Format PDF, 9.0 KB
Name Applications to the CA - determinations for the start of an audit engagement quarter ending 31 Janua
Publication date 11 February 2021
Format PDF, 8.1 KB
Name Decisions taken by the FRC to extend maximum duration of an audit engagement quarter ending 31 Janua
Publication date 11 February 2021
Format PDF, 9.3 KB
Name Decisions taken by the FRC - Non Audit Services 31 October 2020
Publication date 4 February 2021
Format PDF, 10.8 KB
Name Applications to the CA - determinations for the start of audit engagement period ending 31 October 2
Publication date 4 February 2021
Format PDF, 8.2 KB
Name Decisions taken by the FRC to extend the maximum duration of an audit engagement - quarter ending 31
Publication date 4 February 2021
Format PDF, 10.6 KB