News

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

1724 pages found.

• Financial Reporting Council Updates Position on Capital Restructuring at UK Audit Firms

  The Financial Reporting Council (FRC) has today published an updated letter regarding its approach to capital restructuring at UK audit firms.

  25 March 2025

• Sanctions against PricewaterhouseCoopers LLP and Jonathan Hinchliffe

  The Executive Counsel of the Financial Reporting Council (“FRC”) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure and imposed sanctions against PricewaterhouseCoopers (“PwC”) and Jonathan Hinchliffe (“Mr Hinchliffe”) in

  25 March 2025

• UKSEF Conformance Suite v.2.0 published

  24 March 2025

• Financial Reporting Council Relocates London Office to Canary Wharf

  The Financial Reporting Council (FRC) has this week relocated its London office from London Wall in Moorgate to Harbour Exchange in Canary Wharf.

  21 March 2025

• FRC releases updates to reflect reporting threshold amendments

  In response to the Government’s changes to UK company size thresholds, due to come into effect from 6 April 2025, the Financial Reporting Council (FRC) has today released updates to relevant existing publications. The FRC has also published a summary docu

  21 March 2025

• FRC Backs Growth in New Three-Year Plan

  Following consultation and engagement with stakeholders, the Financial Reporting Council (FRC) has today published its Strategy for 2025-28 and its Annual Business Plan and Budget for 2025-26. This is the first three-year strategy delivered by the regulator since 2023 and sets out a series of important changes intended to continue to support businesses and the government’s mission to promote UK economic growth and investment.

  20 March 2025

• The FRC publishes first in a series of materials to support SMEs understand audit requirements

  As part of its campaign to support small and medium-sized enterprises (SMEs) access audit services, the FRC has today published the first in its series of supporting materials to help SMEs to engage with the annual audit process effectively and confidently.

  19 March 2025

• Investigation regarding the audit of ISG Limited by MacIntyre Hudson LLP

  The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by MacIntyre Hudson LLP of the consolidated financial statements of ISG Limited for the year ended 31 December 2022.

  18 March 2025

• Investigation regarding an audit by Ernst & Young LLP

  The Financial Reporting Council (‘FRC’) has commenced an investigation into the audits conducted by Ernst & Young LLP of the consolidated financial statements of a Public Interest Entity (as defined in the Audit Enforcement Procedure) and a related non-PI

  13 March 2025

• FRC launches public beta of digital tool to transform access to company data

  The Financial Reporting Council (FRC) today announced the public beta launch of its digital reporting Viewer, a new tool designed to improve free access to structured company reporting data.

  10 March 2025

• Roundtable Invitation: SME Market Study

  The Financial Reporting Council (FRC) invites stakeholders to take part in roundtables throughout the consultation period of its small and medium-sized enterprises (SME) market study. The FRC is keen to hear from organisations and individuals involved in

  7 March 2025

• FRC issues updated guidance to support going concern reporting

  Following a consultation, the Financial Reporting Council (FRC) has today issued updated guidance on the ‘Going Concern Basis of Accounting and Related Reporting, including Solvency and Liquidity Risks’ , to help companies demonstrate the assessments unde

  25 February 2025

• 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

  13 February 2025

• Local Audit Leadership transferred to MHCLG

  On Wednesday 12 February 2025, local audit system leadership responsibilities transferred from the Financial Reporting Council (FRC) back to the Ministry of Housing, Communities and Local Government (MHCLG).

  12 February 2025

• FRC announces successful UK Stewardship Code signatories ahead of consultation closure

  The Financial Reporting Council (FRC) has announced the successful signatories to the UK Stewardship Code following the latest round of applications. There are now 297 signatories to the Code, representing £52.3 trillion assets under management. This incl

  11 February 2025