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FRC

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Update on the implementation of the EU Audit Directive and Regulation

01/09/2015(0)
The Department of Business Innovation and Skills has published an update on the implementation of the EU Audit Directive and Regulation: “Following Baroness Neville-Rolfe’s Written Ministerial Statement of 20 July ... Read More
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Outcome of disciplinary case against Grant Thornton UK LLP, Alastair Nuttall and Marcus Swales

09/07/2015(0)
The Financial Reporting Council (FRC) announces the outcome of the disciplinary case in connection with Grant Thornton UK LLP (Grant Thornton), Alastair Nuttall and Marcus Swales, Audit Engagement Partners ... Read More
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One in 20 registered audit firms quit the market in last year

23/06/2015(0)
Almost one in 20 firms registered to audit company accounts in the UK have quit the line of work in the past year, the FRC‘s annual assessment of the profession ... Read More
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Investigation into KPMG in connection with The Bank of New York Mellon’s compliance with the FSA’s client asset rules

23/06/2015(0)
The Financial Reporting Council (FRC) has launched an investigation under the Accountancy Scheme into the conduct of KPMG Audit plc, auditors to The Bank of New York Mellon London ... Read More
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Top news of the day, June 02

02/06/2015(0)
Latest news: 1. European leaders and the head of the International Monetary Fund agreed to step up the intensity of talks over Greece’s fate after an extraordinary meeting in ... Read More
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FRC updates UK Corporate Governance Code

18/09/2014(0)
FRC has issued an updated version of the UK Corporate Governance Code (the Code). This significantly enhances the quality of information investors receive about the long-term health and strategy ... Read More
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Britain’s audit watchdog revises corporate governance code

17/09/2014(0)
Britain’s audit and accounting watchdog has overhauled its corporate governance code for UK companies, it said on Wednesday, to make them safer for investors by giving more information about ... Read More
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Accountant gets three year ban over audit failures

16/09/2014(0)
A tribunal has excluded an ICAEW member from membership of the profession for three years following a Financial Reporting Council (FRC) investigation over audit failures. The accountant, Paul Newsham ... Read More
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FRC consulting on going concern in changes to CG code

28/04/2014(0)
The FRC is consulting on thorny elements of its guidance on going concern along with reforms to directors’ remuneration policy as part of wider changes to the corporate governance ... Read More
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FRC to expose companies that fail to report accurate information

17/04/2014(0)
Companies will be forced to admit to FRC inquiries, under reporting watchdog proposals Companies will be forced to admit when they have investigated by the FRC’s conduct committee for ... Read More
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