Brief

"On March 19, 2025, the Financial Reporting Council (FRC) issued an update regarding 'The FRC publishes first in a series of materials to support SMEs understand audit requirements'. The introduction outlines the role of International Standards on Auditing (ISAs) in delivering transparent and accountable capital markets. Additionally, the FRC released a podcast episode discussing the proportionate application of ISAs for Small and Medium-sized Enterprises (SMEs)."

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Financial Reporting Council (FRC)

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