PRA publishes its thematic feedback from the 2021/2022 round of written auditor reporting

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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.

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