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Financial Reporting Council (FRC)

  • Regulator probes Deloitte over Glencore accounts

    July 23, 2025

    The accountancy regulator announced this morning that it has launched an investigation into Deloitte over audits related to the energy giant Glencore.

  • KPMG UK and partner fined over £1m after probe into Carr’s audit

    June 12, 2025

    KPMG was hit with sanctions over an audit of a London-listed farm supplies company following the regulator's finding of "serious" breaches

  • EY audit of NMC ‘was deficient in multiple respects’ says regulator

    May 19, 2025

    The High Court will hear a draft report by the FRC concluding that EY's audit of collapsed NMC "was deficient in multiple respects"

  • Watchdog launches probe into EY over Post Office audits following Horizon scandal

    April 16, 2025

    The accountancy regulator has launched an investigation into Big Four giant EY's auditing of the Post Office accounts, focusing on the Horizon IT system.

  • EY slapped with fine over audit of Scottish water company

    April 14, 2025

    Big Four giant EY has been sanctioned £ 500,000 over its audit of a Scottish water company, less than a week after its other sanction

  • EY slapped with £6.5m fine over Thomas Cook audits

    April 10, 2025

    The watchdog has fined Big Four giant EY £6.5m for its audit of the collapsed airline Thomas Cook.

  • PwC fined £4.5m over audits of Gupta-linked bank Wyelands

    March 25, 2025

    Big Four firm PwC has been fined over £4.5m for its audits of Sanjeev Gupta's Wyelands Bank.

  • KPMG: Regulator probes Big Four firm over audit of Ladbrokes-owner Entain

    January 20, 2025

    The accountancy watchdog has kicked off an investigation into Big Four firm KPMG over its audit of gambling giant Entain

  • Carillion is ancient history. Seven years on, the audit profession has moved on

    January 15, 2025

    Seven years on, the audit industry has moved on from Carillion. It's legislation that needs to catch up, writes ICAEW CEO Alan Vallance.

  • Audit watchdog swaps Canada for Canary Wharf’s Harbour Exchange

    December 17, 2024

    The Financial Reporting Council (FRC) has revealed it's swapping its City office for Harbour Exchange in Canary Wharf

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