FRC publishes its 2020/2021 audit quality inspection findings

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30 May 2022

The Financial Reporting Council (FRC) has published key findings and good practices identified by its Audit Quality Review (AQR) team during the 2020/21 audit quality inspections of the seven largest audit firms.

The findings are contained within two reports; one containing key findings and another on good practices. 

The purpose of these documents is to share with auditors, audit committees, investors and other users of audited financial statements the nature of the key findings and good practices reported on the individual audits inspected.

The press release and links to individual reports are available on the FRC website.

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