FRC Reference Materials

Financial Reporting Council, UK

Guidance on the Going Concern Basis of Accounting and Related Reporting
(including Solvency and Liquidity Risks)
[Febraury 2025]

Explainer: Guidance on the Going Concern Basis of Accounting and Related Reporting

Annual Audit Quality Inspection Findings 2023-24
Tier 2 and Tier 3 Audit Firms
Audit Quality Inspection and Supervision
[December 2024]

Review of Corporate Governance Reporting
[November 2024]

Major Local Audits
Audit Quality Inspection
[November 2024]

Technical Actuarial Guidance (technical guide regarding use of AI)
Models
[October 2024]

Revised Ethical Standard 2024
[January 2024]

Thematic Review:
IFRS 17 ‘Insurance Contracts’ - Interim Disclosures in the First Year of Application
[November 2023]

Thematic Review:
Audit Sampling
[November 2023]

Thematic Review:
IFRS 13 ‘Fair value measurement’
[June 2023]

Audit Committees and the External Audit: Minimum Standard
[May 2023]

Guidance Eligibility for Appointment as Statutory Auditor
[March 2023]

International Standard on Quality Management (UK) 1
(Previously International Standard on Quality Control (UK) 1}
[(Revised June 2016)
Updated March 2023]

International Standard on Quality Management (UK) 2
Engagement Quality Reviews
[Updated March 2023]

Technical Actuarial Standard 100: General Actuarial Standards
[Version 2.0 - March 2023]

Thematic Review:
IFRS 9 Banking Audit Methodology and its Application
[February 2023]

General principles for considering the public interest in our work
[November 2022]

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