This report from the Financial Reporting Council brings together findings from all its supervisory activities to provide a comprehensive assessment of audit quality across audit firms that undertake Public Interest Entity audits (PIE audit firms). It sets out the FRC’s perspective on the curren...

To understand how corporate reporting is adapting to the use of AI technologies, the FRC commissioned Lancaster University to undertake interviews and a survey with key stakeholders. These survey results show that the use of artificial intelligence technologies is increasing, especially the use ...

The Financial Reporting Council outlines its revised approach to audit supervision, which focuses on firms’ own systems of quality management (SoQM). The new approach will begin in April 2026 with a phased year of implementation and development for the twelve largest audit firms during 2026/27.