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30 results found.

Selected Topics

  • Local Audit
  • Local Audit

    The FRC is the system leader for local audit ahead of the legislation to establish the Audit, Reporting and Governance Authority (ARGA).

    6 February 2024

  • 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).

    26 September 2023

  • 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.

    19 November 2024

  • Annual Report on Local Audit

    The FRC will report annually on the local audit system, including on timeliness, the findings of local audit, emerging trends, and the local audit market.

    6 February 2024

  • Escalated Reporting Framework

    The FRC has implemented a framework to provide early intelligence on issues arising in the local audit system.

    6 February 2024

  • Local Audit (overview)

    The FRC is the system leader for local audit in England, working with partners to support a strong, well-functioning local audit system.

    6 February 2024

  • Measures to address local audit delays

    The Government has brought forward legislation to tackle the backlog and put the local audit system on a sustainable footing.

    6 February 2024

  • Local Audit Workforce Strategy

    The FRC is preparing a workforce strategy to address capacity and capability issues in the local audit sector.

    6 February 2024

  • 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.

    25 September 2023

  • 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

  • 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

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