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The Sharman inquiry’s report on going concern and liquidity risks

United Kingdom - October 2 2012 The Sharman panel, established at the invitation of the FRC, has reported on its inquiry into going concern and liquidity risks, setting out its recommendations in order to improve the management of these risks in future.

FRC Annual Report on Audit Quality Inspections

United Kingdom - October 2 2012 On 13 June 2012, the FRC’s Audit Inspection Unit published its Annual Report on Audit Quality Inspections for 2011/2012, as approved by the Professional Oversight Board.

Parliament approves FRC reform and FRC consults on reform to disciplinary schemes

United Kingdom - October 2 2012 The FRC reforms noted in our June 2012 Update have received parliamentary approval by the House of Commons and House of Lords.