Tag: Financial Reporting Council
FRC publishes PIE auditor registration regulations
The FRC has a new registration regime for statutory auditors—firms or individuals—of public interest entities (PIEs).
FRC Lab publishes report on digital security risk disclosures
Boards need to move beyond a ‘boilerplate and overly static’ approach to digital risk disclosures, advises the Financial Reporting Council.
ESG legislation: What are the FRC proposals?
The FRC has set out its plans to help integrate sustainability into corporate governance, reporting and audit reforms.
Are cyber disclosure demands too high?
Organisations increasingly struggle with cybersecurity as they balance fear of reputational damage against cyber disclosure requirements.
News round-up: this week in governance
Audit firms’ complaints about fines; Carillion directors’ fines revealed; is it time to abolish the UK governance code?
Cyber security reporting falls short
UK companies are struggling to provide focused disclosures as cyber attacks continue to increase, says the FRC.
FCA and FRC review TCFD disclosures by listed companies
Although firms had ‘risen to the challenge’ of reporting, many lacked specificity, metrics or an exploration of climate-related opportunities.
FRC publishes its annual enforcement review
The watchdog issued £46.5m in financial sanctions, with a recurring theme in investigations being a ‘lack of scepticism’ from auditors.
Companies urged to dig deeper on climate change reporting
The first annual disclosures vary in the quality of data provided and lack balanced discussion of future opportunities, say watchdogs.
Regulator fines KPMG £14.4m
The Financial Reporting Council’s investigation into the Big Four firm’s auditing of Carillion and Regenersis revealed serious misconduct.