The FRC is working hard to improve its transparency. Some would say they are not working hard enough and need a much more fundamental review.
Recently there has been a marked increase in the number and level of fines they have levied on audit firms and audit partners, which we regard as positive
On 12 July 2018, the FRC issued a News Alert about FRC executive Claudia Mortimore discussing the FRC’s enforcement process.
In the video clip, Claudia Mortimore discusses how the team approaches often large and complex investigations, including the process, timing, challenges and decision making on enforcement action and sanctions. See https://frc.org.uk/news/july-2018/claudia-mortimore-discusses-the-frc’s-enforcement
Members may find it helpful to watch this video.
2. The FRC event where the FRC update ShareSoc and UKSA members on what they are doing and plan to do is on Dec 4th 2018. Full details and how to book will be sent out nearer the time, but pleae keep the date in your diaries.