News

This page list press notices and announcements issued by the FRC.

1641 pages found.

• UKEB Outreach on the IASB’s IFRS 18 Presentation and Disclosure in Financial Statements

  The IASB published IFRS 18 Presentation and Disclosure in Financial Statements with an effective date of annual reporting periods beginning on or after 1 January 2027, subject to adoption in the UK by the UKEB. As part of UKEB’s endorsement and adoption w

  16 July 2024

• Sanction against Sushovan Hussain in relation to Autonomy Corporation Plc

  The Executive Counsel to the Financial Reporting Council (FRC) has agreed terms of settlement with Sushovan Hussain following admissions of Misconduct as a result of his conviction in the USA during April 2018 on 16 counts of fraud relating to his conduct

  11 July 2024

• Sanctions against MacIntyre Hudson LLP, Deborah Weston and Geeta Morgan

  The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure (AEP) and imposed sanctions against MacIntyre Hudson LLP (MHA), Deborah Weston (Ms Weston) a former partner

  9 July 2024

• FRC restructure creates new Market Intelligence and Digital Reporting Functions

  The FRC announces today that following a strategic review of its economic analysis, data analysis, research and market monitoring functions, existing resources have been reorganised into two newly structured teams to enable delivery of better stakeholder outcomes across the FRC’s remit and regulatory scope. These two new functions are Market Intelligence and Insights led by Laura Warren, and Digital Reporting and Taxonomies led by Phil Fitz-Gerald. The work previously undertaken by FRC Lab on reporting and market insights will be absorbed into these new functions.

  8 July 2024

• UK Sustainability Disclosure TAC Public Meeting May 2024: Agenda Papers and Registration

  The UK Sustainability Disclosure TAC public meeting will be held on 31 May 2024 at 10.00 hrs.

  24 May 2024

• FRC publishes new technical actuarial standards for collective money purchase pensions

  The Financial Reporting Council (FRC) has today published version 1.0 of Technical Actuarial Standard 310: Collective Money Purchase Pensions (TAS 310).

  24 May 2024

• FRC welcomes new Chair of Technical Advisory Committee

  16 May 2024

• Investigation regarding an audit by Maclntyre Hudson LLP

  The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by Maclntyre Hudson LLP of the financial statements of a Public Interest Entity (as defined in the Audit Enforcement Procedure) for the year ended 31

  16 May 2024

• Sanctions against Crowe U.K. LLP

  Pursuant to the Crown Dependencies Recognised Auditor Sanctions Procedure, the FRC’s Enforcement Committee (the “Committee”) has concluded that Crowe U.K. LLP failed to comply with the Regulatory Framework for Auditing in its audit of Aseana Properties Li

  14 May 2024

• Publication of Final Settlement Decision Notices in respect of KPMG and two former partners

  Following the previous announcement on 12 October 2023 of the enforcement action taken relating to KPMG’s audits of Carillion plc, the FRC has today published the two full Final Settlement Decision Notices.

  9 May 2024

• Sanctions against three audit firms over the audits of London Capital & Finance plc

  The Executive Counsel of the Financial Reporting Council (“FRC”) has issued Final Settlement Decision Notices under the Audit Enforcement Procedure and imposed sanctions against three audit firms as a result of her investigation of the audits of London Ca

  7 May 2024

• 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

• 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

• 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

• 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