FRC | AccountingWEB


Supermarket giant Tesco is understood to be in confidential talks with the Serious Fraud Office (SFO) to settle a criminal investigation into its £263m accounting scandal last year.


UK accountancy firms from the City of London to local high streets are going to feel the effects of audit reforms coming into play over the next year, according to Financial Reporting Council chief


The new accounting standards for


FRS 105 ‘The Financial Reporting Standard applicable to the Micro-entities Regime’ becomes mandatory for micro-entities choosing to report under the micro-entities’ regime for accounting period


The Financial Reporting Council says it is dealing with disciplinary cases quicker but needs to make more progress in encouraging companies to produce annual reports that are more useful for in


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

* * *

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


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


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


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.