FRC | AccountingWEB


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


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.


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 


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


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


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’s (FRC) executive counsel has