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806 results found.

Selected Topics

  • Auditing
  • FRC publishes key accountancy and audit facts and trends report for 2024

    The Financial Reporting Council (FRC) has today released the 22nd edition of its Key Facts and Trends (KFAT) report, offering a comprehensive overview of the UK accountancy and audit landscape.

    News

    30 September 2024

  • UKEB issues draft comment letters on IASB exposure drafts

    Issued on behalf of the UKEB. The UK Endorsement Board (UKEB) has issued draft comment letters on two IASB exposure drafts - one on climate-related risks and uncertainties, and another on amendments to IFRS 19. It has also published a Draft Endorsement Cr

    News

    27 September 2024

  • In Conversation: An update on Local Audit

    In this In Conversation podcast episode, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Sarah Rapson, Executive Director of Supervision, sit down to explore the Financial Reporting Council's role as the system leader, the rece

    News

    26 September 2024

  • FRC publishes Annual Review of Corporate Reporting

    News

    24 September 2024

  • Survey Response Deadline Extended: IFRS 18 Presentation and Disclosure in Financial Statements

    Issued on behalf of the UKEB: To aid its endorsement work, the UKEB launched surveys for UK users of accounts and preparers to gather their views on IFRS 18. The deadline for stakeholder responses has now been extended to 30 September 2024.

    News

    11 September 2024

  • FRC issues September 2024 editions of UK and Ireland accounting standards

    The Financial Reporting Council (FRC) has today issued new September 2024 editions of UK and Ireland financial reporting standards.

    News

    10 September 2024

  • FRC welcomes legislation to restore timely financial reporting and audit

    The Financial Reporting Council welcomes the Government tabling legislation in Parliament on 9 September 2024 to address the significant delays in local authority audits. This follows the Written Ministerial Statement issued on 30 July 2024.

    News

    10 September 2024

  • FRC publishes thematic reviews into offsetting in the financial statements and IFRS 17 Insurance Contracts

    The FRC has today published two thematic reviews into the quality of UK company reporting in respect of offsetting in the financial statements and IFRS 17 Insurance Contracts.

    News

    5 September 2024

  • 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

  • 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 launches market study on NHS audit market

    The Financial Reporting Council (FRC) has today announced the launch of a comprehensive market study into the audit market for NHS providers and Integrated Care Boards (ICBs). This initiative is in response to growing concerns about difficulties NHS bodie

    News

    25 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

  • 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

  • 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

    News

    9 July 2024

  • Revised UK Corporate Governance Code, Guidance on Audit Committees, and Auditing and Ethical Standards

    News

    11 June 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

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