Audits of large listed companies are improving but there’s room for improvement, particularly for audit of companies outside the FTSE 350, the Financial Reporting Council says.
Financial Reporting Council
FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland becomes mandatory for accounting periods commencing on or after 1 January 201
The Financial Reporting Council (FRC) has welcomed signs that the City is taking a longer-term view of its performance.
The accounts of the UK’s largest public companies are generally of a high standard, but there is still a high proportion of poorer-quality corporate reports produced by smaller listed and AIM-q
Deloitte’s appeal against an FRC ruling on the collapse of MG Rover has been delayed after a tribunal failed to reach a conclusion last week.
The Financial Reporting Council (FRC) has appointed new members to its accounting and assurance councils.