UK accounting firms urge regulator to stop naming companies under investigation

UK accounting firms are lobbying the Financial Reporting Council (FRC) to end its practice of publicly naming companies under investigation. The Big Four firms, along with mid-tier companies and professional bodies, have submitted complaints to the FRC regarding its policy of announcing probes, citing concerns about the impact on individuals and business. The FRC is reviewing its publications policy as part of a broader shift towards a more industry-friendly approach, following similar changes made by the Financial Conduct Authority.