News

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

1701 pages found.

  • FRC annual report on remit and outlines priorities for supporting UK economic growth in 2025

    As promised in 2023, the Financial Reporting Council (FRC) has sent its annual update to the Secretary of State for Business and Trade, Rt Hon Jonathan Reynolds MP, on what it has been doing to fulfil its remit during 2024 and its plans for 2025.

    10 January 2025

  • Webinar Invitation: How UK charities can prepare for amendments to FRS 102

    The Financial Reporting Council (FRC) invites stakeholders to attend an upcoming webinar on recent amendments to FRS 102 to discuss how it will impact UK charities and how they can start preparing for implementation of the updated reporting requirements.

    9 January 2025

  • UK Sustainability TAC issues final recommendations

    The Financial Reporting Council (FRC), in its role as the Secretariat to the UK Sustainability Disclosure Technical Advisory Committee (the TAC’), has published the Committee’s final recommendations to the Secretary of State for Business and Trade, recomm

    18 December 2024

  • FRC publishes draft Strategy 2025-28

    The Financial Reporting Council (FRC) has today published a draft three year strategy for 2025-28 reaffirming its commitment to serving the public interest and supporting UK economic growth. Alongside the strategy, the FRC has also published a draft Plan

    17 December 2024

  • FRC to lead governance of Wates Principles for Large Private Companies

    Following Sir James Wates CBE’s decision to step aside from his role as chair of the Wates Principles Coalition Group, effective 31 December 2024, the Financial Reporting Council (FRC) will assume governance of the Wates Corporate Governance Principles fo

    16 December 2024

  • FRC publishes inspection findings for the Tier 2 and 3 audit firms

    The Financial Reporting Council (FRC) has today published its annual inspection findings for Tier 2 and Tier 3 audit firms, which emphasises the importance of delivering consistent levels of audit quality.

    16 December 2024

  • FRC issues draft amendments to FRS 101 ‘Reduced Disclosure Framework’

    The Financial Reporting Council has today issued FRED 86 ‘Draft amendments to FRS 101 Reduced Disclosure Framework’ arising from of its annual review of FRS 101 for the 2024/2025 cycle.

    13 December 2024

  • 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

    12 December 2024

  • In Conversation: Mutual Recognition Agreements

    In this In Conversation podcast episode, Daniel Ellis, Senior Public Affairs Manager, is joined by Alison Stiles, Project Manager in the Professional Bodies Supervision team, to discuss the FRC’s work on Mutual Recognition Agreements (MRAs) and the recent

    11 December 2024

  • Sanctions against Crowe UK LLP and Nigel Bostock

    The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN) under the Audit Enforcement Procedure and imposed sanctions against Crowe UK LLP (Crowe) and Nigel Bostock, in relation to the statutory au

    10 December 2024

  • FRC consults on revisions to Technical Actuarial Standard for pensions

    The Financial Reporting Council (FRC) has today published a consultation proposing revisions to Technical Actuarial Standard 300: Pensions (TAS 300) to reflect recent developments in pension scheme funding.

    9 December 2024

  • Audit market competition update sets out FRC’s evolving approach

    The Financial Reporting Council (FRC) has today published its annual Audit Market and Competition Update for 2024, highlighting developments in the UK audit market and setting out the FRC’s evolving approach to competition.

    4 December 2024

  • New Non-Executive Directors appointed to FRC Board

    The Financial Reporting Council (FRC) has today announced a strengthening of its Board with the appointment of Charlie Parker, Eva Lindholm and Simon O’Regan, as Non-Executive Directors.

    28 November 2024

  • FRC issues updated suite of factsheets for FRS 102

    The Financial Reporting Council has today issued an updated suite of factsheets on aspects of FRS 102. The updated factsheets follow the Periodic Review 2024 amendments to FRS 102 and other FRSs, and provide additional guidance to support stakeholder repo

    27 November 2024

  • In Conversation series: UK Corporate Governance Code 2024 key aspects

    The FRC has published a series of podcasts relating to key aspects of the revised code to support stakeholders. Find below the episodes focussing on: audit committee minimum standards, diversity, outcomes-based reporting, culture, and comply or explain op

    26 November 2024