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UK Financial Reporting Council

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UK FRC Probes EY Audits of Post Office

by Starling Insights

Observations

Apr 25, 2025

The UK Financial Reporting Council (FRC) has launched an investigation into EY's audit work for the Post Office, citing concerns over how the Big Four firm addressed red flags tied to the Horizon IT system at the heart of a high-profile scandal.

The 2024 Compendium is available June 11th!

Now in its 7th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

UK FRC Finalizes Governance Code

by Starling Insights

Observations

Feb 01, 2024

Last week, the UK Financial Reporting Council (FRC) published the final version of its updated Corporate Governance Code. The changes to the Code, which primarily revolve around the effectiveness of internal controls, will come into effect in January 2026.