Financial Reporting Council



FRC’s Josephine Jackson appointed to IAASB Board

The International Auditing & Assurance Standards Board (IAASB) has appointed the Financial Reporting Council’s (FRC) Josephine Jackson to its board.

Published 13 December 2019

FRC announces sanctions against Grant Thornton

The Financial Reporting Council (FRC) has announced sanctions against Grant Thornton UK LLP.

Published 10 December 2019

FRC: Companies should expand discusion of new leasing standard in annual reports and accounts

Companies applying the new standard on lease accounting need to provide more information on its effects, according to a new report by the Financial Reporting Council (FRC).

Published 6 November 2019

FRC makes two committee appointments

Andrew Johnston has been appointed to the Financial Reporting Council’s (FRC) Conduct Committee alongside Colin McCarthy-Little, who has been appointed to the FRC's Audit Quality Review Committee.

Published 5 November 2019

FRC publishes year-end advice to audit committee chairs and finance directors

The Financial Reporting Council (FRC) has published its year-end advice to audit committee chairs and finance directors.

Published 4 November 2019

Grant Thornton cuts partner pay following audit tensions

Grant Thornton has cut pay for its partners and delayed its accounts following a difficult year where it was investigated by the Financial Reporting Council (FRC) for unacceptable performance on audits.

Published 1 November 2019

FRC sets out expectations for corporate reporting

The Financial Reporting Council (FRC) has today set out its expectations for corporate reporting to improve trust in business.

Published 30 October 2019

FRC: 'Big Four' increase their market share of UK audit

The largest accountancy firms have increased their share of the UK audit market with 100% of FTSE 100 companies now audited by the Big Four, according to new research from the Financial Reporting Council (FRC).

Published 28 October 2019

FRC launches revision to UK Stewardship Code

The Financial Reporting Council (FRC) has launched a substantial and ambitious revision to the UK Stewardship Code.

Published 25 October 2019

FRC: Investors seek clearer reporting on climate-related issues

Companies are falling short of investors’ expectations for clearer reporting on climate-related issues, according to a new report from the Financial Reporting Council's (FRC) Financial Reporting Lab.

Published 22 October 2019

Audit and accountancy firms 'lagging behind' on diversity

The audit and accountancy profession is lagging behind business when it comes to the diversity of senior management, according to new research by the Financial Reporting Council (FRC).

Published 21 October 2019

FRC launch recruitment videos to help fill 80 new openings

The Financial Reporting Council (FRC) has initiated a recruitment drive in an attempt to fill 80 new openings.

Published 10 October 2019

Johnston Carmichael replaces KPMG as auditor for for Dunedin Enterprise Trust

Accountancy firm Johnston Carmichael has taken over the audit role for Dunedin Enterprise Trust after KPMG was axed.

Published 8 October 2019

Simon Dingemans and Sir Jon Thompson join FRC as chair and chief executive

The Financial Reporting Council (FRC) has appointed Simon Dingemans and Sir Jon Thompson as its new chairperson and chief executive respectively.

Published 8 October 2019

FRC reveals public views on regulation of corporate reporting, audit and governance

The Financial Reporting Council (FRC) has revealed public opinion on the regulation of corporate reporting, audit and governance.

Published 3 October 2019