FRC Enforcement - A Year in Review
29 August 2023
In its Annual Enforcement Review for 2023, the Financial Reporting Council reflects on its enforcement activity over the previous 12 months, identifying themes arising in audit investigations and reporting on the action it has taken to incentivise positive behaviours.
In this publication we share our thoughts on key themes emerging from the review, including how the FRC’s approach to enforcement compares with previous years. We identify the trends that have emerged from recent enforcement actions and present our expectations of what is to come in 2024.