The U.K. audit regulator has announced a major “evolution” of its audit supervisory model. It is promising to introduce a more proportionate, effective, and integrated framework intended to improve audit quality and increase resilience in the sector.
The Financial Reporting Council (FRC) said its new regime will begin for the largest firms from April 2026, so compliance managers in audit firms must urgently review requirements now. Further developments will be piloted throughout this year and in 2027.
