Financial Reporting Council
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Financial Reporting Council

https://www.frc.org.uk/
Last activity: 21.05.2025
Active
Categories: BusinessCorporateInterestManagementPublic
The FRC is the UK's independent regulator serving the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them.

We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We also monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.
Followers
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Followers
14.81K
Website visits
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Mentions
135
Location: United Kingdom, England, London
Employees: 201-500
Founded date: 1991

Mentions in press and media 135

DateTitleDescription
21.05.2025The Legal Storm: EY's Battle Over NMC Health AuditsIn the world of finance, trust is the currency. When that trust erodes, the fallout can be catastrophic. Such is the case with Ernst & Young (EY) and its auditing of NMC Health Plc, a healthcare giant that crumbled under the weight of f...
21.05.2025EY labels former head of EY Abu Dhabi a ‘fraudster’ in £2.7bn legal battleEY UK’s lead barrister described the former head of EY Abu Dhabi as “plainly a fraudster” in the opening submissions at the £2.7bn legal battle against the firm over the collapse of NMC. Abdulrahman Basaddiq, who previously headed up EY’s o...
19.05.2025EY audit of NMC ‘was deficient in multiple respects’ says regulatorA draft report by the accountancy regulator to the High Court has concluded that EY’s audit of collapsed NMC “was deficient in multiple respects” and that “these failings are extremely serious.” The £2.7bn legal case against EY UK kicked of...
16.05.2025EY’s £2bn legal fight over NMC Health auditsBig Four giant EY faces a mammoth legal fight next week over its auditing of a former London-listed health giant that collapsed after allegations of fraud. Private hospital operator NMC Health Plc collapsed in April 2020 after being placed ...
06.05.2025New Research Warns Against AI Use in Corporate ReportingSpecialist reporting and advisory firm Falcon Windsor and Insig AI, a technology firm delivering advanced data infrastructure and AI-powered ESG research tools have published Your Precocious Intern, a research paper and practical model for ...
16.04.2025Big Four vs Watchdog: Giants rack up over £154m in finesRarely does a week pass without a Big Four firm finding itself in the headlines for another regulatory fine. The data backs up this feeling. In figures seen by City AM, the Financial Reporting Council (FRC) has fined the Big Four giants ove...
16.04.2025PwC exits more than a dozen countries to avoid scandals, FT reportsPwC exits more than a dozen countries to avoid scandals, FT reports By ReutersApril 16, 20255:19 AM UTCUpdated ago Text Small Text Medium Text Large Text Share X Facebook Linkedin Email Link Item 1 of 2 A view shows a PwC Australia logo in ...
16.04.2025Watchdog launches probe into EY over Post Office audits following Horizon scandalThe accountancy regulator has launched an investigation into Big Four giant EY’s auditing of the Post Office accounts, focusing on the Horizon IT system. Public outcry broke out over the Post Office Scandal following an ITV drama that showc...
14.04.2025EY slapped with fine over audit of Scottish water companyBig Four giant EY has been sanctioned £500,000 over its audit of a Scottish water company, less than a week after it received another fine for its audit of the collapsed airline Thomas Cook. The Financial Reporting Council (FRC) slapped EY ...
10.04.2025EY slapped with £6.5m fine over Thomas Cook auditsThe watchdog has fined Big Four giant EY £6.5m for its audit of the collapsed airline Thomas Cook. The Financial Reporting Council (FRC) imposed sanctions on EY and its audit engagement partner, Richard Wilson, over audits for the airline f...
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