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News / Regulatory bodies

Financial Reporting Council

News

Six FTSE 350 companies fail to meet FRC reporting standards

Ten UK company reports, including six from the FTSE 350, determined to have fallen short of FRC requirements

14 Oct 2014

sir-winfred-bischoff-2008-2

News

Accounting watchdog criticised over lack of SME representation

FRC lacks SME representation on its board and councils, ICAEW council member claims

03 Oct 2014

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FRC 'closely monitoring' Tesco situation

FRC keeping close eye on developments following Tesco's profit overstatements

24 Sep 2014

News

FRC publishes final guidance on going concern

FRC retains original wording of controversial going concern proposals in updated corporate governance code

17 Sep 2014

News

CFOs appointed to FRC advisory councils

Reporting watchdog makes raft of appointments to its accounting and assurance councils

04 Sep 2014

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FRC addresses confusion over pensions impact of FRS102

Reporting watchdog responds to fears accounting standards changes could add millions to corporate liabilities

20 Aug 2014

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FRC chairman Bischoff to head JP Morgan’s European arm

Watchdog denies any conflict of interest in the chairman role, which has been approved by UK financial regulators

13 Aug 2014

News

IASB scraps dual lease accounting model

IASB reverts to single model for lease expenses, scrapping the dual approach agreed with US counterpart FASB last year

11 Aug 2014

News

Banks take a forward view of losses under new IFRS rule

IASB issues finished financial instruments accounting standard, but fails in convergence attempts with FASB

25 Jul 2014

News

FRC consults on local audit regulation

Accounting regulator launches consultation on audit of local public bodies

22 Jul 2014

News

FRC warns of ‘engagement deficit’ among investors

FRC raises concerns of emerging "engagement deficit" among investors in mid-market companies

17 Jul 2014

News

FRC drops investigation into jailed Torex exec

FRC closes investigation into Christopher Moore, a convicted fraudster, because of ‘insufficient evidence of misconduct'

07 Jul 2014

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FRC faces Lords committee grilling over going concern

Watchdog's bosses will answer questions over controversial proposals, as investors blast plans

07 Jul 2014

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Investors slam FRC going concern proposals

Plans to water down ongoing viability statements will be “damaging to the public interest”, according to top shareholders

04 Jul 2014

News

IFAC and CIPFA framework targets better public sector governance

Public sector organisations plagued by “nepotism, inefficiency, corruption and poor financial management”

03 Jul 2014

News

FRC publishes strategic report guidance

FRC guidance will help companies look beyond current year earnings to provide a broader picture of shareholder value creation

09 Jun 2014

News

FRC: True and fair overrides accounting standards

FRC reconfirms that a true and fair view remains fundamental requirement of financial reporting

06 Jun 2014

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UK accounting watchdog launches C2000 probe

FRC probe follows conclusion of independent investigation into distributor's UK and European accounting practices

13 May 2014

News

IASB publishes amendments to IAS 16 and IAS 38

Accounting standard setter clarifies acceptable methods of depreciation and amortisation

13 May 2014

News

Bischoff labelled ‘odd choice' as new FRC chair

Credibility of Bischoff's appointment at FRC called into question during parliamentary hearing

08 May 2014

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Latest Opinion

Leader: Reporting watchdog needs sharper teeth

The FRC must be granted powers to compel companies to give it access to internal documents, rather than the voluntary basis that currently exists

Implications from Scotland's ‘No' stretch far beyond the UK

With uncertainty over Scotland's future removed, the Bank of England can think more clearly about the timing of the first policy tightening

Macro View: Soaring US dollar could unleash nasty global tremors

If upward pressures on the dollar escalate, its strength could become malignant and the blessing could become a curse

Latest Analysis

FRC reaches compromise rather than consensus over going concern

The certainty investors are looking for may still elude them under revised going concern guidance

Tesco's fall from grace compounded by accounting blunder

Tesco's accounting debacle has set the supermarket back a long way, but does it have the wherewithal to bounce back? asks Chris Warmoll

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