News

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

1712 pages found.

• 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

• FRC confirms no amendments to AS TM1

  Following its annual review and consultation on Actuarial Standard Technical Memorandum 1 (AS TM1), the Financial Reporting Council (FRC) has today confirmed that no changes will be made to the actuarial assumptions used to calculate Statutory Money Purch

  6 February 2025

• FRC sets out recommendations for the sustainability assurance market

  The Financial Reporting Council (FRC) has today published the final report from its market study into the assurance of sustainability reporting. The 2024 study found that while the UK’s market for the assurance of sustainability reporting is functioning w

  5 February 2025

• FRC launches market study into SME audit and reporting challenges

  The Financial Reporting Council (FRC) has today launched a market study examining how effectively the audit market serves small and medium-sized enterprises (SMEs) and exploring opportunities to reduce their reporting burden where possible.

  3 February 2025

• FRC releases guidance on revised reporting requirements under new FCA rules

  The FRC has issued a new Staff Guidance Note following the introduction of revised UK Listing Rules by the FCA in July 2024.

  31 January 2025

• Webinar Invitation: UK Stewardship Code consultation early feedback

  The FRC invites stakeholders to join an upcoming webinar on Monday 3 February to hear insights into the feedback heard so far during its consultation on proposed revisions to the UK Stewardship Code.

  29 January 2025

• FRC launches campaign to support UK SMEs to grow and scale

  The Financial Reporting Council (FRC) has launched a year-long campaign to help small and medium-sized enterprises (SMEs) access audit services and reduce reporting burdens where possible.

  29 January 2025

• FRC reviews Climate-related Financial Disclosures (CFD) by AIM and large private companies

  The FRC has today published a thematic review of Climate-related Financial Disclosures (CFD) by AIM and large private companies, following the first cycle of mandatory reporting.

  21 January 2025

• Investigation regarding the audit of Entain plc by KPMG LLP

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

  20 January 2025

• 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