In this episode, Richard Moriarty, CEO, joins Kate O'Neill, Director of Stakeholder Engagement
and Corporate Affairs, to discuss the FRC's proposals to update the Audit Enforcement Procedure as part of its End-to-end Enforcement Process Review. The proposals aim to expand the FRC's regulatory toolkit to deliver proportionate responses to different types of failings, and Richard and Kate discuss how the proposed expansion from two enforcement routes to five will enable this, before outlining the FRC's comprehensive plan to engage with a range of stakeholders across webinars and roundtables.
The FRC is hosting a webinar on Wednesday 8 October to discuss the proposals in detail, with an
opportunity for Q&A with the expert speakers: Elizabeth Barrett, Executive Director of Enforcement, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Anthony Barrett, Director of Audit Quality Review.
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In this episode, Richard Moriarty, CEO, joins Kate O'Neill, Director of Stakeholder Engagement
and Corporate Affairs, to discuss the FRC's proposals to update the Audit Enforcement Procedure as part of its End-to-end Enforcement Process Review. The proposals aim to expand the FRC's regulatory toolkit to deliver proportionate responses to different types of failings, and Richard and Kate discuss how the proposed expansion from two enforcement routes to five will enable this, before outlining the FRC's comprehensive plan to engage with a range of stakeholders across webinars and roundtables.
The FRC is hosting a webinar on Wednesday 8 October to discuss the proposals in detail, with an
opportunity for Q&A with the expert speakers: Elizabeth Barrett, Executive Director of Enforcement, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Anthony Barrett, Director of Audit Quality Review.
Findings and remedies from the FRC's SME audit market study
FRC Podcasts
13 minutes 50 seconds
2 months ago
Findings and remedies from the FRC's SME audit market study
In this In Conversation podcast episode, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, discusses the FRC's emerging findings of its market study examining how small and medium-sixed enterprises (SMEs) engage with the audit market alongside Laura Warren, Director of Market Intelligence and Insights, Dhruve Shah, Deputy Director of Professional Bodies Supervision, and Peter Kitson, Audit and Assurance Project Director.
Kate, Laura, Dhruve and Peter speak about the importance of proportionality and scalability in audit standards, how the FRC has facilitated this by developing a practice note to help auditors apply ISAs more proportionately to smaller entities, and the various other proposed remedies emerging from the study's findings.
Details of how to take part in the next steps of the FRC's year long campaign to support SME's access to audit can be found on the FRC's website, including an invite to join its upcoming roundtables beginning 9 September 2025.
FRC Podcasts
In this episode, Richard Moriarty, CEO, joins Kate O'Neill, Director of Stakeholder Engagement
and Corporate Affairs, to discuss the FRC's proposals to update the Audit Enforcement Procedure as part of its End-to-end Enforcement Process Review. The proposals aim to expand the FRC's regulatory toolkit to deliver proportionate responses to different types of failings, and Richard and Kate discuss how the proposed expansion from two enforcement routes to five will enable this, before outlining the FRC's comprehensive plan to engage with a range of stakeholders across webinars and roundtables.
The FRC is hosting a webinar on Wednesday 8 October to discuss the proposals in detail, with an
opportunity for Q&A with the expert speakers: Elizabeth Barrett, Executive Director of Enforcement, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Anthony Barrett, Director of Audit Quality Review.
