Small and medium-sized enterprises (SME) market study
Published: 3 February 2025
Response deadline: 25 April 2025
| Title | Small and medium-sized enterprises market study Invitation to comment |
|---|---|
| Format | pdf, 234.3 KB |
Overview
The FRC’s market study into SMEs aims to examine the challenges faced by SMEs in relation to audit and reporting, where practitioners have difficulties in auditing SMEs, and understanding the decision-making process for SMEs who procure audit services when otherwise exempt.
This market study is the first phase of the FRC’s broader campaign to support UK SMEs to access audit services and secure the capital they need for growth.
Please email your responses by 25 April 2025 to [email protected]
| Name | SME Market Study information sheet |
|---|---|
| Publication date | 19 February 2025 |
| Type | Information sheet |
| Format | PDF, 1.9 MB |
Roundtable attendance – expression of interest form
The FRC is holding a series of online roundtables throughout the invitation to comment consultation period for stakeholders to share their views on the questions asked, and explore issues in more detail. Roundtables will take place on Microsoft Teams to allow for engagement from across the UK.
Please complete the online form to register an expression of interest to attend a roundtable:
Expression of Interest: SME Market Study Roundtables
The FRC is keen to hear from those organisations and individuals involved in this market, including SMEs and their advisers, auditors and their professional bodies, and providers of capital to SMEs. Places will be allocated on a first-come, first-served basis, and confirmed via email.
Roundtable sessions
| Date | Time | Group |
|---|---|---|
| Thursday 13 March 2025 | 10:00 – 11:30 | SMEs and advisers |
| Wednesday 19 March 2025 | 10:00 – 11:30 | Auditors |
| Thursday 20 March 2025 | 09:30 – 11:00 |
Capital providers |
| Thursday 27 March 2025 | 10:00 – 11:30 | SMEs and advisers |
| Tuesday 1 April 2025 | 10:30 – 12:00 | Auditors |