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UK audit regulator publishes Annual Enforcement Review for 2025-26

A calculator on top of some pages.
The annual review highlights issues in the quality of financial reporting and audit. Photo: Peter Dazeley/Getty Images

Regulator says it uses insights from enforcement actions to inform supervisory activity and work on regulatory standards.

The UK’s audit regulator has published its latest Annual Enforcement Review 2025-26, providing insights about key enforcement actions it has taken during the financial year.

The Financial Reporting Council (FRC) said the review includes details of some of a number of serious and significant audit failures, oversight and supervision failures,

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