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FRC

A round-up of the latest news, appointments, executive moves and acquisitions from the world of practice during July 2015.

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On 16 July 2015 the Financial Reporting Council (FRC) issued the new UK GAAP for small and micro-entities.  This marked the end of several years’ work by the FRC in introducing an international-bas

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The FRC  has slapped Grant Thornton with a £975,000 fine as the two-year accounting probe into

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Auditors from KPMG are to be investigated by the Financial Reporting Council for their

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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.

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A £14m fine levied against Deloitte in its role as adviser to MG Rover has been cut to just £3m on appeal, according to the 

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Many companies in the UK and Republic of Ireland with December 2015 year-ends are in their first year of reporting under new UK GAAP - FRS 102 The Financial Reporting Standard applicable in the

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The Financial Reporting Council published a draft standard on 19 February that will do away with the Financial Reporting Standard for Smaller Entities (FRSSE) for accounting periods beginning on or

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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

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The Financial Reporting Council’s (FRC) executive counsel has

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