Frc

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).

The Financial Reporting Council (FRC) has initiated a recruitment drive in an attempt to fill 80 new openings. With over 80 new positions being created in the 2019/20 financial year alone, the FRC has emphasised that there are significant opportunities for a broad range of candidates to play a key r

Accountancy firm Johnston Carmichael has taken over the audit role for Dunedin Enterprise Trust after KPMG was axed. Johnston Carmichael won the contract for the major private equity investment organisation following changes to guidance over the independence of auditors.

The Financial Reporting Council (FRC) has appointed Simon Dingemans and Sir Jon Thompson as its new chairperson and chief executive respectively. Simon Dingemans replaces Sir Win Bischoff, who steps down after six years in the post. Sir Jon Thompson succeeds Stephen Haddrill who held the role of chi

The Financial Reporting Council (FRC) has revealed public opinion on the regulation of corporate reporting, audit and governance. Its research has indicated that the public supports the FRC taking firmer action to hold companies to account.

The Financial Reporting Council (FRC) has strengthened its Going Concern audit standard. The FRC revised its Going Concern standard in response to recent enforcement cases and well-publicised corporate failures where the auditor’s report failed to highlight concerns about the prospects of enti

The Financial Reporting Council (FRC) has today initiated an investigation into the audit conducted by EY of the financial statements of Thomas Cook Group Plc for the year ended 20 September 2018.

The Financial Reporting Council (FRC) has today published its latest list of companies whose reports and accounts have been reviewed. The companies reports and accounts have been reviewed by the FRC's Corporate Reporting Review function.

Transparency reporting by accountancy firms performing audits is currently ineffective, with a lack of awareness amongst investors and audit committee chairs that the reports even exist and many being used as a marketing exercise, the Financial Reporting Council (FRC) has said.

The Financial Reporting Lab (FRC) has published a report on disclosures on the sources and uses of cash. 

The Institute and Faculty of Actuaries (IFoA) has launched a new monitoring scheme to improve the effectiveness of actuarial regulation and promote ongoing improvement across the profession. The scheme arrives after a consultation held by IFoA, which was welcomed by the Financial Reporting

Anne Whitaker has been appointed to the Financial Reporting Council's (FRC) Conduct Committee and chair of the Audit Quality Review Committee (AQRC). Ms Whitaker was first appointed to the AQRC in 2016 and she replaces David Cannon, who has served as chair of the AQRC and a member of the Conduct Co

New principles to improve the corporate governance of large private companies have been developed by a coalition established by the Financial Reporting Council (FRC) under the leadership of building firm Wates Group. Launched today, the new code was drawn up by chairman James Wates CBE to provide a

Stephen Haddrill The Financial Reporting Council (FRC) has launched a new website with a fresh design and more functionality for stakeholders.

The Financial Reporting Council (FRC) has announced plans for a fundamental review of the UK Corporate Governance Code. The review will take account of work done by the FRC on corporate culture and succession planning, and the issues raised in the Government’s Green Paper on Corporate Governance R