PRA publishes its thematic feedback from the 2021/2022 round of written auditor reporting
14 Oct, 2022
The Prudential Regulation Authority (PRA) has published a letter to Chief Financial Officers of selected deposit-takers which provides thematic feedback from the PRA’s review of written auditor reports received in 2022.
The letter includes thematic findings on IFRS 9 expected credit loss accounting (ECL) and thematic findings relating to accounting for climate-related financial risks. It also sets out observations on disclosure and benchmark reform.
The full letter is available on the PRA website.