The Financial Reporting Council (FRC) has today issued revised Standards for Investment Reporting (SIRs) 1000-5000, and a new SIR 6000 dealing with reports on Quantified Financial Benefits Statements (QFBSs) published in accordance with the City Code. The FRC has urged that Reporting Accountants (RA
The Financial Reporting Council (FRC) has today launched a consultation on the proposed adoption in the UK of International Standard on Assurance Engagements (ISAE) 3000, Assurance Engagements Other Than Audits or Reviews of Historical Financial Information. The FRC is proposing that compliance with
The Financial Reporting Council (FRC) has highlighted the step change in the increased use of technology in the audit industry to improve the efficiency and quality of audits.
Banks are increasing the cost of personal loans and overdrafts as millions of people plunge into financial difficulty because of the coronavirus pandemic.
The Financial Conduct Authority (FCA) has said that it is working with international counterparts in the US, EU and elsewhere so that markets can remain open and orderly, and so they can continue to perform their essential role in supporting businesses, governments, jobs and the broader economy. Whi
The Financial Conduct Authority (FCA) has written to companies that it was aware were intending to publish preliminary financial statements in the next few days, urging them to delay their planned publications.
The Financial Conduct Authority (FCA) has today set out expectations for general insurance firms and provided information for consumers about what they should see from their insurance provider during the coronavirus pandemic.
Guidance on how to arrange and conduct AGMs in light of Covid-19 has been published by The Chartered Governance Institute (ICSA) in conjunction with the Financial Reporting Council (FRC) and Slaughter & May. Paul George, FRC executive director of corporate governance and reporting, sa
The Financial Reporting Council (FRC) has today issued updated guidance for auditors which may be facing practical difficulties in carrying out audits as a result of the COVID-19 pandemic (coronavirus).
The Financial Conduct Authority (FCA) has today begun a review into the use and value of data and advanced analytics in wholesale financial markets, both now and in the future. The FCA is using its Call for Input (CFI) to better understand how data and advanced analytics are being accessed
The Financial Conduct Authority (FCA) has today published proposals outlining new climate-related disclosure requirements for premium listed issuers. The new rule will require all commercial companies with a premium listing to either make climate-related disclosures consistent with the approach set
The Financial Conduct Authority (FCA) has published its Suspicious Transaction and Order Reports (STORs) for the year ending December 2019 showing the first decrease in the total number of reports since 2016. The FCA said that there may be several reasons for the decrease, including the fact that th
The Financial Conduct Authority (FCA) has admitted to accidentally posting the personal information of an estimated 1,600 people who complained about it on its website. The FCA has issued a statement which says that in a response to a Freedom of Information Act request published on our website in No
A major review of how companies and auditors assess and report on the impact of climate change has been announced by the Financial Reporting Council (FRC). The watchdog will review the extent to which UK companies and auditors are responding to the impact of climate change on their business to ensur
Moneybarn, the car financing arm of Provident Financial, is facing a £2.8 million fine from the Financial Conduct Authority (FCA).