News

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

1720 pages found.

• FRC Revises UK Corporate Governance Code

  The Financial Reporting Council (FRC) has today announced important revisions to the UK Corporate Governance Code (the Code) that enhance transparency and accountability of UK plc and help support the growth and competitiveness of the UK and its attractiveness as a place to invest.

  22 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

• Investigation regarding the conduct of a Member in relation to Thurrock Council’s operations and investment activities

  This Press Notice concerns the opening of an investigation into the relevant Member. The investigation does not relate to any persons other than the relevant Member and it would not be fair to treat any part of this announcement as constituting or evidenc

  3 January 2024

• Closure of investigation regarding the audit of Intu Properties plc by PricewaterhouseCoopers LLP

  This Press Notice concerns the closure of an investigation into the relevant Statutory Auditor(s) and/or Statutory Audit Firm(s) (both terms as defined in the FRC’s Audit Enforcement Procedure). The investigation did not relate to any persons other than the relevant Statutory Auditor(s) and/or Statutory Audit Firm(s).

  19 December 2023

• FRC Launches Consultation on Draft Plan and Budget for 2024-25

  The Financial Reporting Council (FRC) has today launched a consultation on its plan and budget for 2024-25 which sets out its priorities and resources for next year.

  15 December 2023

• 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

• 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, alongside the actions these firms must prioritise to deliver high quality audit and contribute to a more resilient audit market.

  13 December 2023

• UK and Switzerland audit authorities jointly approve mutual recognition of audit qualifications

  The UK and Switzerland have made arrangements for mutual recognition of statutory audit qualifications allowing auditors to work more easily in each country, boosting both countries’ audit markets.

  12 December 2023

• FRC publishes revised technical actuarial standards for the pensions sector

  The Financial Reporting Council (FRC) has today published version 2.0 of Technical Actuarial Standard 300: Pensions (TAS 300). The new version of the Standard includes revisions to ensure it remains appropriate and reflects developments in the pension ind

  11 December 2023

• FRC publishes report on the quality of major local audits amid delays in local government

  The Financial Reporting Council (FRC) has today published its annual report on the quality of major local audits, while highlighting its disappointment with the unacceptable delays in financial reporting and audit in the local government sector.

  8 December 2023

• FRC Lab insights: Structured Digital Reporting 2023

  The FRC Lab has today published its latest insight report setting out some areas of focus for companies and suggestions to optimise reporting to meet the needs of investors and other users.

  7 December 2023

• FRC announces areas of supervisory focus for 2024/25

  The Financial Reporting Council (FRC) has today announced its areas of supervisory focus for 2024/25, including priority sectors, for corporate reporting reviews and audit quality inspections.

  6 December 2023

• FRED 85 Draft amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle

  The FRC has today issued FRED 85 Draft amendments to FRS 101 Reduced Disclosure Framework – 2023/24 cycle.

  5 December 2023

• UKEB adopts Supplier Finance Arrangements: Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures

  Published on behalf of the UKEB

  4 December 2023

• FRC publishes thematic review of audit sampling

  The Financial Reporting Council (FRC) has today published its thematic review of audit sampling. Audit sampling is a fundamental tool for auditors, allowing the auditor to draw conclusions about a population based on the sample selected.

  24 November 2023