Skip to main content Skip to results Skip to page filters
  • Careers at the FRC
  • Contact us
Financial Reporting Council Logo Financial Reporting Council
  • Library
    • About the FRC
    • Our Purpose
    • FRC Structure
    • Role and Responsibilities
    • Reports, Plans and Budgets
    • Policies and Procedures
    • Governance Reporting
    • Funding
    • FRC Responses to External Consultations
    • Tribunals
    • The FRC's International Activity
  • Consultations
  • News and events
  • Library
    • About the FRC
    • Our Purpose
    • FRC Structure
    • Role and Responsibilities
    • Reports, Plans and Budgets
    • Policies and Procedures
    • Governance Reporting
    • Funding
    • FRC Responses to External Consultations
    • Tribunals
    • The FRC's International Activity
  • Consultations
  • News and events
  • Careers at the FRC
  • Contact us

Search

28 results found.

Selected Topics

  • Local Audit
  • Details of audits subject to AQR inspection - Local Audit

    The details of audits subject to AQR inspection are listed under the relevant inspection period. This includes those completed under the Local Audit and Accountability Act 2014 (Local Audit regulations).

  • Local Audit

    The FRC operated as system leader for local audit from March 2023 until 12 February 2025. System leadership responsibility has been returned to the Ministry of Housing, Communities and Local Government ahead of the establishment of the Local Audit Office.

  • Major Local Audits Reports

    We publish an annual report on the inspection findings of Audit Quality Reviews of major local audits in England, which includes large health and local government bodies.

  • Local Audit and Statutory Regulations

    Local bodies appoint audit firms, which must be registered with a Recognised Supervisory Body (RSB) that has been recognised by the Financial Reporting Council (FRC) for local audit.

  • NHS Audit Market Study

    This FRC market study will focus on how well the UK NHS audit market is functioning, including the demand for audit, unique features of the regulatory framework and capacity constraints.

    Consultation

    25 July 2024

  • Investigation regarding the conduct of two individual accountants in relation to Woking Borough Council’s operations and investment activities

    The Financial Reporting Council (“FRC”) has commenced an investigation under the Accountancy Scheme into the conduct of two individual accountants in relation to their compliance with governance, reporting, regulations and professional standards in respec

    News

    13 February 2025

  • Local Audit Leadership transferred to MHCLG

    News

    12 February 2025

  • FRC publishes emerging findings from NHS audit market study

    The Financial Reporting Council (FRC) has today published initial feedback on its market study into the audit market for NHS providers and Integrated Care Boards (ICBs). Launched in July 2024 in response to growing concerns about challenges NHS bodies are

    News

    12 December 2024

  • FRC approves CIPFA Diploma in Local Audit

    The Financial Reporting Council (FRC) has today announced the Chartered Institute of Public Finance and Accountancy’s (CIPFA) Diploma in Local Audit as pre-approved local audit specialist training.

    News

    20 November 2024

  • FRC publishes report on quality of major local audits ahead of system reset

    The Financial Reporting Council (FRC) has today published its annual report on the quality of major local audits which also sets out how it will continue to support the local audit system to recover from delays in the publication of audited accounts.

    News

    19 November 2024

  • In Conversation: Local audit backlog measures and audit opinions

    In our latest In Conversation podcast episode, Kate O’Neill, Director of Stakeholder Engagement and Corporate Affairs, is joined by Mark Babington, Executive Director of Regulatory Standards, as well as Mike Newbury, Director of Local Audit Code and Guida

    News

    15 November 2024

  • FRC publishes local audit specialist training criteria

    The Financial Reporting Council (FRC) has today published the criteria to assess local audit specialist training developed by Recognised Qualifying Bodies (RQBs), training providers and audit firms.

    News

    13 November 2024

  • One year on: In Conversation with FRC CEO, Richard Moriarty

    Richard Moriarty reflects on his first year leading the FRC in this In Conversation podcast episode, hosted by Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs. Richard and Kate discuss the FRC’s milestones from the past twelve month

    News

    21 October 2024

  • In Conversation: Understanding the Escalated Reporting Framework in Local Audit

    In this latest 'In Conversation' podcast episode, Daniel Ellis, Senior Public Affairs Manager is joined by Ellen Millington, Senior Project Manager in the FRC's Local Audit team to discuss the recently launched Escalated Reporting Framework (ERF) and how

    News

    17 October 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 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

  • Financial Reporting Council supports government action on local audit backlog

    News

    30 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 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

  • FRC welcomes Bill Butler’s appointment as Chair of Public Sector Audit Appointments

    The Financial Reporting Council (FRC) has today welcomed the appointment of Bill Butler as the new Chair of Public Sector Audit Appointments Limited (PSAA) who takes over from Steve Freer on 1 April 2024.

    News

    1 March 2024

  • Page 1 of 2
1 / 2
Next

Filter search results

Is this page useful?

  • Freedom of Information
  • Privacy
  • Individual Rights (Data Privacy) Policy
  • Modern Slavery Statement
  • Disclaimer and Copyright
  • Cookies
  • Accessibility Statement
  • Whistleblowing
  • Complaints
  • Regulators' Code

The Financial Reporting Council Limited is a company limited by guarantee. Registered in England number 2486368. Registered Office: 13th Floor, 1 Harbour Exchange Square, London E14 9GE

Stay up to date

Subscribe to our news alerts to receive our latest updates.

Sign up to our news alerts