Frc

Over the next decade at least 18 million people could be offered extra help with their investments and pensions with the introduction of targeted support by the Financial Conduct Authority (FCA). The new service will allow firms to make specific suggestions to consumers – so they can make bett

The Financial Reporting Council (FRC) has opened a new investigation into EY, intensifying the regulatory pressure on the Big Four accountancy firm. The probe concerns the issuance of "unauthorised" audit reports to unnamed companies. According to the FRC, the investigation targets the firm itself a

The Financial Reporting Council (FRC) has published its annual Audit Market and Competition Update, showing that initiatives to promote a more resilient and competitive audit market have supported firms outside of the Big Four to build their share of Public Interest Entity (PIE) audit engagements. W

BDO has been severely reprimanded and fined £6.5 million by the Financial Reporting Council (FRC) following admissions of misconduct by two former audit partners. The fine was reduced to £5.8m due to admissions. The FRC investigation centred on systemic failures in supervision that allow

The Financial Reporting Council (FRC) has released the 23rd edition of its Key Facts and Trends (KFAT) report, offering a comprehensive overview of the UK accountancy and audit landscape. This year's report highlights continued growth in the accountancy profession, with rising membership i

EY has been accused of misleading the Financial Reporting Council (FRC) over its audit of NMC Health, as the £2 billion negligence trial concerning the collapsed hospital operator nears its conclusion.

The Financial Reporting Council (FRC) has launched a coaching programme for smaller audit firms, aiming to break the stranglehold of the "Big Four" on the audits of Britain's largest companies.

A focus on reporting on the impact of stewardship activities is the best way to demonstrate the effectiveness of investment goals, according to a leading global accountancy body. Responding to the Financial Reporting Council’s (FRC) draft UK Stewardship Code 2026, ACCA (the Association of Char

The Financial Reporting Council (FRC), as secretariat to the UK Sustainability Disclosure Technical Advisory Committee (TAC), is requesting views from stakeholders on the International Sustainability Standards Board (ISSB)’s recently proposed amendments to the Sustainability Accounting Standar

The Financial Reporting Council (FRC) has opened an investigation into accounting giant Deloitte over eight years of its audits for the FTSE 100 mining firm Glencore, following a major bribery conviction against the commodity trader. The FRC confirmed it is examining Deloitte's audits of Glencore an

The Financial Reporting Council (FRC) has launched an investigation into Deloitte and Azets over their audits of the collapsed fintech company, Stenn. The probe follows the company's fall into administration in December after lenders raised concerns about potentially suspicious transactions.

The Financial Reporting Council (FRC) has reported that the UK's largest accounting firms do not formally monitor how artificial intelligence affects the quality of their audits. In a review published on Thursday, the watchdog noted that while the Big Four firms – Deloitte, EY, KPMG, and PwC &

ACCA (the Association of Chartered Certified Accountants) has called on the UK regulator to ensure that audit requirements for SMEs are proportionate, aligning with prevailing international standards. Responding to a consultation from the UK corporate governance regulator the Financial Reporting Cou

The Financial Reporting Council (FRC) has launched an investigation into EY's audits of the Post Office for the financial years 2015 to 2018. The probe stems from the ongoing fallout of the Horizon IT scandal, which saw hundreds of sub-postmasters wrongfully convicted based on faulty software data.

The Financial Reporting Council (FRC) has fined EY nearly £4.9 million for "serious" breaches of standards in its audits of the failed travel company Thomas Cook. The penalty concludes a near six-year investigation into the firm's work on Thomas Cook's accounts for the financial years 2017 and