The Financial Reporting Council (FRC) is considering whether to investigate how KPMG audited HBOS, which is now part of Lloyds Banking Group, in the run up to the
At its board meeting on 5 March 2013, the Financial Reporting Council (FRC) finally approved FRS 102 ‘The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland’.
Auditors will be required to warn investors about risks of “material misstatements” in clients’ financial accounts under proposals made by the Financial Reporting
Just before Christmas the FRC issued its proposals to address poor quality audit work identified in audit quality reviews. Steve Collings offers an initial overview.