UK FRC reconsiders investigation announcements after FCA climbdown
By Phoebe Seers ( April 22, 2025, 14:44 GMT | Insight) -- The UK’s Financial Reporting Council has announced a review of its processes for publicly disclosing the opening of investigations into auditors suspected of breaching standards. The FRC is reviewing its “end-to-end enforcement process,” as part of an effort to become a more “proportionate” and effective regulator. The decision to reassess its discretionary powers for announcing investigations comes six weeks after the Financial Conduct Authority abandoned a similar plan.The UK’s audit watchdog has announced a review of its processes for publicly disclosing the opening of investigations into auditors suspected of breaching standards....
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