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News / Regulatory bodies

Financial Reporting Council

News

FRC to expose companies that fail to report accurate information

Companies will be forced to admit to FRC inquiries, under reporting watchdog proposals

16 Apr 2014

Financial Reporting Council

News

FRC Lab launches project on dividend disclosure

Financial Reporting Lab launches project on the effective communication and disclosure of dividend policy and capacity

02 Apr 2014

News

FRC to launch new consultation on going concern

UK reporting watchdog to develop going concern proposals for further public consultation following investor criticism, Financial Director can reveal

26 Mar 2014

News

IASB amends disclosure requirements in IAS 1

Standard setter plans narrow changes to the way financial statements are presented under IFRS

26 Mar 2014

News

Schroders makes £15m tax provision

Fund manager sets aside £15m for potential tax fine from DOJ investigation

10 Mar 2014

News

IASB to overhaul processes as further filing issues arise

The IFRS Foundation overhauls governance processes in light of continued shortcomings in its filing record at Companies House

25 Feb 2014

News

FCA slaps broker Homeserve with £30.6m fine

FCA issues £30.6m fine to broker Homeserve following “serious, systemic and long running failings” across its business

14 Feb 2014

News

FCA to appear before Treasury Select Committee

The Financial Conduct Authority (FCA) is to appear before the Treasury Select Committee (TSC) for its bi-annual grilling next week

03 Feb 2014

News

FRC investigating conduct of former Bradford & Bingley FD

FRC launches investigation into conduct of Chris Willford, Bradford & Bingley's FD between October 2005 and June 2009

21 Jan 2014

News

KPMG faces investigation over Co-op Bank audit

KPMG investigated over its audit of troubled lender Co-op Bank

20 Jan 2014

News

Standard Chartered FD stripped of risk role

Bank moves risk oversight away from FD, following pressure from the Bank of England's financial watchdog

16 Dec 2013

News

Ex-Bradford & Bingley FD fined £30,000 over 2008 cash call

FCA fines Christopher Willford for failing to update the bank's board about its deteriorating financial position

13 Dec 2013

News

IASB overhauls hedge accounting

IASB adopts principles-based approach to hedge accounting which better reflects companies' risk management strategies

20 Nov 2013

News

FRC updates going concern definition

FRC clarifies the assessement of going concern for stewardship and accounting purposes

07 Nov 2013

News

Competition Commission waters down audit reforms

Competition watchdog retreats from contentious plans and imposes ten year audit tendering rules

15 Oct 2013

News

FRC and BIS defend legality of global accounting standards

FRC and BIS rubbish claims that IFRS conflicts with UK company law as "misguided"

04 Oct 2013

News

Deloitte hit with record-breaking £14m MG Rover fine

Deloitte are first hit by new sanctions guidance which has seen the firm hit with the largest fine ever dealt by the FRC

17 Sep 2013

News

Companies may rearrange leases to keep off balance-sheet

Lease accounting rules may result in companies changing the way deals are structured, rating agency Fitch warns

07 Aug 2013

News

RBS fined £5.6m over reporting blunders

City watchdog finds Royal Bank of Scotland failed to properly report 44.8 million trades between November 2007 and February 2013

25 Jul 2013

News

FRC makes changes significant changes to audit reports

The finance watchdog has made changes to ISA 700 - in the hope of increasing communication with investors

05 Jun 2013

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Understanding the financial cost of staff turnover

This web seminar will explain how finance directors can monitor and understand the various financial costs of staff turnover, including logistical costs and the impact of lost productivity as new employees are brought up to speed

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Latest Analysis

Tesco turmoil deepens as embattled FD departs

Laurie McIlwee resigns as Tesco FD amid speculation of rift with chief executive and investor unrest

Crowd control the focus of new funding rules

New crowdfunding rules will improve access to finance through schemes like EIS, writes Matthew Phillips

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