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773 results found.

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  • Accounting
  • FRC publishes amendments to FRS 101 Reduced Disclosure Framework

    The Financial Reporting Council (FRC) has today issued minor Amendments to FRS 101 Reduced Disclosure Framework following the 2023/24 annual review cycle.

    News

    9 August 2024

  • Sanctions against Ernst & Young LLP

    The Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice to Ernst & Young LLP (EY UK) under the Audit Enforcement Procedure and imposed sanctions in respect of a breach of the FRC’s Revised Ethical Standard 2019, namely exceedin

    News

    7 August 2024

  • FRC issues consultation on Going Concern Guidance

    The Financial Reporting Council (FRC) has today issued a consultation on revisions to its Guidance on the Going Concern Basis of Accounting and Related Reporting, including Solvency and Liquidity Risks.

    News

    5 August 2024

  • UKEB seeks stakeholder views on IASB's standard: IFRS 18 Presentation and Disclosure in Financial Statements

    Issued on behalf of the UKEB: IFRS 18 UKEB webinar recording and surveys; UKEB welcomes the IASB’s publication of its Exposure Draft (ED) Climate-related and Other Uncertainties in the Financial Statements; Share your experience of the UKEB Website.

    News

    2 August 2024

  • Draft 2025 Taxonomy Suite published

    The FRC has published a draft version of the 2025 Taxonomy Suite.

    News

    2 August 2024

  • IASB Exposure Draft Business Combinations—Disclosures, Goodwill and Impairment – UKEB Final Comment

    The UKEB has published its Final Comment Letter and Feedback Statement in response to the IASB’s Exposure Draft on Business Combinations—Disclosures, Goodwill and Impairment. The UKEB is broadly supportive of the proposals, however our Final Comment Lette

    News

    26 July 2024

  • FRC publishes latest Annual Enforcement Review

    The Financial Reporting Council (FRC) has today published its sixth Annual Enforcement Review (Review) which provides a summary of FRC enforcement activity for the year ending 31 March 2024.

    News

    25 July 2024

  • FRC Annual Report highlights continued progress in improving standards of audit, financial and corporate reporting to support UK corporate growth

    The Financial Reporting Council (FRC) has today published its Annual Report and Accounts for 2023/24. The report underscores the FRC’s ongoing commitment to improving audit quality and corporate reporting in the UK while adapting to evolving market needs

    News

    24 July 2024

  • 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

    News

    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

    News

    11 July 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).

    News

    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.

    News

    19 April 2024

  • 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.

    News

    27 March 2024

  • FRC welcomes Government’s plans to legislate following Non-Financial Reporting Review

    News

    22 March 2024

  • FRC welcomes the appointment of Owen Mapley as the CEO of CIPFA

    News

    16 February 2024

  • FRC consultation on proposed changes to Technical Actuarial Standard 200

    The Financial Reporting Council (FRC) has today published a consultation on proposed revisions to Technical Actuarial Standard 200 (TAS 200) to streamline the standard and ensure it reflects recent regulatory developments in the insurance industry.

    News

    16 February 2024

  • Review of reporting by the UK’s largest private companies

    News

    31 January 2024

  • FRC announces areas of supervisory focus for 2024/25

    News

    6 December 2023

  • FRED 85 Draft amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle

    The FRC has today issued FRED 85 Draft amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle.

    News

    5 December 2023

  • UKEB adopts Supplier Finance Arrangements: Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures

    News

    4 December 2023

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