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Financial Reporting Council

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  • Monday, 12 April, 2021
    KPMG UK
    Senior KPMG executive faces scrutiny over M&C Saatchi audits

    UK regulator makes inquiries after accounting scandal at the advertising group

  • Thursday, 1 April, 2021
    KPMG UK
    Partner who led KPMG’s audit of Carillion leaves Big Four firm

    Peter Meehan’s departure comes as watchdog’s investigation into collapsed contractor nears its end

  • Friday, 26 March, 2021
    Interview
    Trust in UK corporate sector is low, admits chief of audit watchdog

    FRC’s Keith Skeoch predicts period of stress for companies as government’s Covid support ends

  • Friday, 12 March, 2021
    Deloitte LLP
    UK accounting watchdog probes Deloitte’s audit of Lookers

    Car dealership’s profits overstated over a number of years

  • Tuesday, 2 February, 2021
    The FT ViewThe editorial board
    Time to clean up climate reporting standards

    Companies should back up their rhetoric with accounts that reflect the true risks

  • Wednesday, 27 January, 2021
    Accountancy
    Investors warned of Covid delays to UK company reporting season

    Auditors may struggle to verify financial data during lockdown, regulators say

  • Tuesday, 8 December, 2020
    Accountancy
    Auditors still failing to challenge company bosses, says UK regulator

    Problems cited by FRC include insufficient checking of letters from management

  • Thursday, 26 November, 2020
    Workplace diversity & equality
    Regulator calls out UK companies for ‘box-ticking’ on diversity

    Critical FRC review says too many have ‘formulaic’ approach to corporate governance

  • Monday, 16 November, 2020
    KPMG UK
    KPMG ‘helped’ buyout fund dump £100m Silentnight pensions liabilities

    UK accounting watchdog alleges conflict of interest in arranging sale of bedmaker to HIG

  • Promoted Content
  • Tuesday, 10 November, 2020
    UK politics & policy
    UK companies fall short on climate reporting, warns watchdog

    Financial Reporting Council says environmental disclosure needs to improve

  • Friday, 30 October, 2020
    Accountancy
    UK regulator finds ‘unacceptable’ rate of failures in council audits

    FRC review singles out Grant Thornton and Mazars for particularly poor audit quality

  • Wednesday, 21 October, 2020
    Accountancy
    UK regulator proposes to beef up auditors’ obligation on fraud

    Reforms in accounting standard sought after series of scandals damaged industry’s reputation

  • Friday, 16 October, 2020
    Accountancy
    Big Four’s audit income jumps as firms raise prices

    Total fees rose 7% last year after groups moved to counter closer regulatory scrutiny

  • Thursday, 8 October, 2020
    Accountancy
    UK regulator calls on companies to make reports more accessible

    FRC sets out radical plan for businesses to provide extra information tailored to non-experts

  • Tuesday, 6 October, 2020
    Corporate governance
    Smaller shareholders lose their say during the pandemic

    Regulator says some companies did little to allow retail investors to vote at AGMs

  • Thursday, 17 September, 2020
    LombardKate Burgess
    John Lewis head should hope to be as lucky as Next next time

    Unveiling department store’s results at same time as high street chain was unfortunate

  • Tuesday, 4 August, 2020
    Standard Life boss to take helm of UK audit watchdog

    Keith Skeoch will help run the Financial Reporting Council while it forces an effective split of Big Four accountants

  • Tuesday, 21 July, 2020
    UK companies
    Regulator says companies must improve Covid-19 reporting

    UK companies should have disclosed more information to their investors about the impact of the pandemic, says FRC

  • Tuesday, 14 July, 2020
    LombardKate Burgess
    ‘Lapdog’ auditors ain’t quite right again

    Watchdog takes firms to task in quality review; AO hits long awaited high during lockdown

  • Tuesday, 14 July, 2020
    Accountancy
    UK’s largest accounting firms lambasted by watchdog for ‘unacceptable’ work

    PwC, Deloitte, EY and KPMG had higher number of audits needing big improvements, FRC finds

  • Thursday, 9 July, 2020
    Deloitte LLP
    Deloitte faces record £15m fine for ‘serious’ failures in Autonomy audits

    Tribunal rules UK auditor was guilty of breaching ‘its obligation of integrity’ in work for tech group

  • Wednesday, 8 July, 2020
    Grant Thornton UK LLP
    Grant Thornton fined £3m for Conviviality audit failures

    Accounting firm severely reprimanded by FRC and made to commit to improvement of ethical controls

  • Tuesday, 7 July, 2020
    Due Diligence
    Bookkeeping: auditors in the crossfire Premium

    The UK’s Big Four accounting firms have until 2024 to separate their audit practices

  • Monday, 6 July, 2020
    LombardCat Rutter Pooley
    New boss of underachiever Aviva must move fast, if not break things

    Amanda Blanc wastes no time at insurer; accounting watchdog gets credit for moving at all on audit

  • Monday, 6 July, 2020
    Accountancy
    Big Four told to outline plans for audit split by October

    UK regulator orders the largest shake-up of the industry in decades

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