News

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

234 pages found.

• 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

• 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

• 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

• 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

• 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

• Sanctions against Amanda Nightingale (née Cleaver)

  The Executive Counsel of the Financial Reporting Council (FRC) has entered into a Settlement Agreement with Ms Nightingale, under the terms of the Accountancy Scheme and imposed significant sanctions in respect of her conduct in her role as the Senior Man

  14 November 2024

• Sanctions against Ernst & Young LLP

  The Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice to Ernst & Young LLP (EY UK) under the Audit Enforcement Procedure and imposed sanctions in respect of a breach of the FRC’s Revised Ethical Standard 2019, namely exceedin

  7 August 2024

• Sanction against Sushovan Hussain in relation to Autonomy Corporation Plc

  The Executive Counsel to the Financial Reporting Council (FRC) has agreed terms of settlement with Sushovan Hussain following admissions of Misconduct as a result of his conviction in the USA during April 2018 on 16 counts of fraud relating to his conduct

  11 July 2024

• Sanctions against MacIntyre Hudson LLP, Deborah Weston and Geeta Morgan

  The Executive Counsel of the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure (AEP) and imposed sanctions against MacIntyre Hudson LLP (MHA), Deborah Weston (Ms Weston) a former partner

  9 July 2024

• Investigation regarding an audit by Maclntyre Hudson LLP

  The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by Maclntyre Hudson LLP of the financial statements of a Public Interest Entity (as defined in the Audit Enforcement Procedure) for the year ended 31

  16 May 2024

• Sanctions against Crowe U.K. LLP

  Pursuant to the Crown Dependencies Recognised Auditor Sanctions Procedure, the FRC’s Enforcement Committee (the “Committee”) has concluded that Crowe U.K. LLP failed to comply with the Regulatory Framework for Auditing in its audit of Aseana Properties Li

  14 May 2024

• Publication of Final Settlement Decision Notices in respect of KPMG and two former partners

  Following the previous announcement on 12 October 2023 of the enforcement action taken relating to KPMG’s audits of Carillion plc, the FRC has today published the two full Final Settlement Decision Notices.

  9 May 2024

• Sanctions against three audit firms over the audits of London Capital & Finance plc

  The Executive Counsel of the Financial Reporting Council (“FRC”) has issued Final Settlement Decision Notices under the Audit Enforcement Procedure and imposed sanctions against three audit firms as a result of her investigation of the audits of London Ca

  7 May 2024

• Sanctions against Grant Thornton UK LLP

  Pursuant to the Auditor Regulatory Sanctions Procedure, and following an inspection by the Financial Reporting Council (FRC)’s Audit Quality Review (AQR) team, the FRC’s Enforcement Committee (Committee) has concluded that Grant Thornton UK LLP failed to

  8 April 2024