News

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

380 pages found.

• 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

• Pre-Emption Group reports UK companies embrace enhanced capital raising flexibility

  Issued on behalf of the Pre-Emption Group (PEG). The Pre-Emption Group has today published its second report monitoring the use of its updated Statement of Principles on the disapplication of pre-emption rights for UK listed companies.

  22 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.

  13 November 2024

• 2025 Taxonomy Suite published

  The Financial Reporting Council has published the 2025 UK Taxonomy Suite.

  21 October 2024

• FRC publishes emerging findings from sustainability assurance market study

  The Financial Reporting Council (FRC) has today published initial feedback on its market study into assurance of sustainability reporting. Launched in March 2024, this is the first market study carried out by the FRC. Led by the FRCs recently established

  15 October 2024

• FRC publishes key accountancy and audit facts and trends report for 2024

  The Financial Reporting Council (FRC) has today released the 22nd edition of its Key Facts and Trends (KFAT) report, offering a comprehensive overview of the UK accountancy and audit landscape.

  30 September 2024

• FRC publishes thematic reviews into offsetting in the financial statements and IFRS 17 Insurance Contracts

  The FRC has today published two thematic reviews into the quality of UK company reporting in respect of offsetting in the financial statements and IFRS 17 Insurance Contracts.

  5 September 2024

• Large private companies continue to favour Wates Principles

  The Financial Reporting Council has today issued its second assessment of the quality of reporting from private companies who have chosen to follow the Wates Principles, introduced in 2018.

  12 August 2024

• FRC publishes latest Annual Enforcement Review

  The Financial Reporting Council (FRC) has today published its sixth Annual Enforcement Review (Review) which provides a summary of FRC enforcement activity for the year ending 31 March 2024.

  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

  24 July 2024

• FRC takes systemic look at barriers to competition in UK audit market

  The Financial Reporting Council (FRC) has today published a summary of key findings and potential actions from research it commissioned into barriers to entry and growth faced by audit firms in the UK.

  1 February 2024

• Review of reporting by the UK’s largest private companies

  The Financial Reporting Council (FRC) has today published its review of reporting by the UK’s largest private companies.

  31 January 2024

• FRC updates the Ethical Standard for Auditors

  The FRC has today published an update to its Ethical Standard for auditors, effective from 15 December 2024.

  15 January 2024

• FRC publishes annual review of competition in the audit market

  The Financial Reporting Council (FRC) has today published an updated overview of competition in the UK's audit market for public interest entities (PIE).

  14 December 2023

• New FRC research highlights ongoing gender imbalance in actuarial profession

  The Financial Reporting Council has today published new research examining gender imbalance amongst actuaries in the UK, revealing ongoing barriers for women progressing in the profession.

  18 October 2023