FRC issues revised illustrative auditor’s reports
12 Jun, 2015
The Financial Reporting Council (FRC) has today published eight revised illustrative auditor’s reports reflecting developments in UK financial reporting.
The illustrative reports are attached as an appendix to the FRC’s Bulletin 4: Recent Developments in Company Law, The Listing Rules and Auditing Standards that affect United Kingdom Auditor’s Reports’ which was published in April 2014.
Specifically the illustrative auditor’s reports reflect changes resulting from:
- the application of Financial Reporting Standard (FRS) 101 Reduced Disclosure Framework and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland;
- the clarification statement issued for ISA 700 (UK and Ireland) issued by the FRC in November 2013; and
- amendments to the Listing Rules.
The updated Bulletin is available on the FRC website.