Financial Reporting Council

On Tuesday 11 November the FRC is hosting a #webinar to discuss proposed updates to ISA (UK) 700, 701 and 720. Join our experts as they walk through the consultation and answer your questions in a live Q&A session. Register now: https://lnkd.in/dA35d3ce #audit 

Last week, we released the 23rd edition of Key Facts and Trends in the Accountancy Profession, offering a detailed look at the UK accountancy landscape, providing valuable insights into trends among students, members and audit firms working with Public Interest Entities (PIEs). For the first time, we’ve included an accompanying data file to make the statistics even easier to explore and use: https://ow.ly/6kr750XbRMS #audit #accountancy #data

Today the FRC announced the immediate withdrawal of ASORP 1: Financial Analysis of Social Security Programmes. This move streamlines the regulatory framework and eases the compliance burden for practitioners while upholding the high standards expected of actuarial work. ASORP 1’s provisions are now covered under the updated Technical Actuarial Standard (TAS) 100. Learn more: https://ow.ly/262550XgLMZ #actuarial

If you are involved in the production or oversight of annual reports, sustainability reporting, or investor communications we want to hear from you! The FRC has commissioned research from Lancaster University Management School into how AI and other disruptive technologies (AITECH) are being adopted by UK Public Interest Entities (PIEs). The research is looking at AI tool usage, benefits, barriers and governance adaptations in reporting. Confidential interviews will run until December 2025 and a survey will be launched in late November. Get involved and share your experience: https://lnkd.in/dBpJSQgk #AI #CorporateReporting #FinancialRegulation 

Today’s #webinar unpacked key insights from the Annual Review of Corporate Reporting 2024/25 and it’s now available on demand. Watch it now: https://ow.ly/5ZLw50Xggt4 #CorporateReporting

Quality actuarial work is essential to the insurance market and pensions system. Last week the FRC released updated Technical Actuarial Guidance on Proportionality to help actuaries apply principles-based standards more effectively. The updated guidance includes new examples for general insurance pricing to show how streamlined documentation and communication can support high-quality work: https://lnkd.in/dfxe37Mj #actuarial #pensions

Last chance to register for tomorrow’s #webinar, where FRC experts will discuss key findings from this year’s Annual Review of Corporate Reporting. Sign up now: https://lnkd.in/dGmbPdXA #CorporateReporting

#Diwali

The FRC published a new report summarising key findings and good practice from our audit inspections at the UK’s largest firms during the 2023/24 and 2024/25 cycles. These anonymised insights, previously shared with firms and Audit Committee Chairs, offer valuable lessons for improving audit quality: https://ow.ly/6uio50XeVmh #audit

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