6 jobs in Financial Reporting Council

The Financial Reporting Council (FRC) is responsible for the regulation of UK statutory auditors and audit firms and for monitoring developments in the market. We aim, through our supervision and oversight, to develop a fair, evidence-based and comprehensive view of these firms, to judge whether they are being run in a manner that enhances audit quality and supports the resilience of individual firms and the wider audit market. We adopt a forward-looking supervisory approach to audit firms, and we hold firms to account for making the changes needed to safeguard and improve audit quality. Further information about the role of the FRC can be found at

Audit Market Supervision (AMS) takes a cross-market approach to areas of importance to audit quality and audit firm resilience, assessing the effectiveness of the audit firms’ arrangements in the following areas:

• Audit quality management arrangements
• Governance and leadership
• Values and culture
• Risk and resilience
• Operational separation (Big 4 only)

Staff have a range of backgrounds (governance, culture, risk management, internal audit, regulation, and external audit) representing the broad subject matter within the team’s remit.

The AMS Head of Leadership, Governance and Culture is seeking to appoint a Project Associate to contribute to the team’s work assessing and monitoring leadership, governance and culture at large audit firms. This is an exciting opportunity to work within a developing area of audit market supervision and help shape the future development of the audit profession.

The Project Associate will collaborate within a team under the guidance of the Project Directors. They will work closely with other team members to support the delivery of AMS’ supervisory activities and projects focused on leadership, governance, culture and conduct.

This will include:

• Contributing to assessments of the implementation of the Audit Firm Governance Code and the Principles of Operational Separation by larger audit firms.
• Supporting activities to assess how well large audit firms promote and monitor a culture that underpins audit quality, including benchmarking against standards to promote continuous improvement.
• Contributing to assessments of audit firms’ application of the governance and culture elements of the International Standard on Quality Management 1 (ISQM 1).
• Providing administrative and organisational support to the Project Directors in respect of our regular engagement with audit firms and their Independent Non-Executives.
• Supporting projects monitoring: i) the compliance of audit firms’ transparency reports with relevant rules and regulations; and ii) the quality of reporting by the audit committees of FTSE 350 companies.

In the course of these activities, the Project Associate will need to:

• analyse and interpret data and information from various sources, drawing out insights and developing general observations and possible recommendations to share with the Project Directors;
• communicate information clearly, concisely and coherently to colleagues and external stakeholders;
• manage their workload to meet timelines and deadlines; and
• contribute to the management of AMS relationships with internal and external stakeholders, including with the largest audit firms.

We are seeking an individual with a degree and/or professional qualification and a number of years working experience in governance and/or culture management at a large company or other large organisation.

Any of the following would be an advantage:

• Chartered Governance Professional qualification from the Chartered Governance Institute
• Experience of working in a regulatory or supervisory role
• Experience of working in an audit firm environment
• An understanding or background in behavioural science
• Possess a broad understanding of the audit profession and the regulatory framework around audits or large companies
• Be able to demonstrate a broad understanding of the role of governance and of how good governance arrangements work and/or of how culture drives behaviour and how organisations manage culture
• Experienced in building relationships with clients or other external stakeholders
• Be able to work collaboratively as part of a team
• Understand when to consult with, or elevate matters to, more senior colleagues to facilitate progress and guide decision making
• Be able to source and identify relevant information, sorting and analysing complex information to enable judgments about compliance, good and poor practice by audit firms
• Possess strong written and oral communication skills
• Possess strong organisational and time management skills and proven ability to manage work within the timetable set and to meet deadlines with limited supervision
• Possess strong IT skills, particularly Microsoft Office, and familiarity with basic AI tools

Please apply by following the link our website and uploading a copy of your CV and covering letter as a single document upload. In the covering letter, please set out, by reference to the person specification above how you meet the required skillset.

• How you meet the required skillset
• Tell us where you heard about this job

• The FRC offers remuneration packages, including 30 days annual leave, ability to buy extra leave.
• Generous employer pension contribution of 10%.
• Staff Employee Assistance Programme including confidential counselling and work life services.
• The FRC offers staff the opportunity to save at least 25% on the purchase of a new bike through the Cycle to work scheme.
• The FRC has a strong work/life balance ethos.

The Financial Reporting Council (FRC) mission is to serve the public interest by setting high standards of corporate governance, reporting and audit and holding to account those responsible for delivering them. We are the UK Competent Authority for audit. We also set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work, and monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about our role can be found at

As the UK Competent Authority for audit, the FRC’s Enforcement Division conducts investigations and takes enforcement action into breaches of audit standards under the Audit Enforcement Procedure (AEP). As the independent disciplinary body for the accountancy and actuarial professions in the UK, the Division also undertakes professional disciplinary investigations and enforcement action under the Accountancy and Actuarial Schemes (the Schemes) in cases involving accountants, accountancy firms and actuaries which raise important issues affecting the public interest in the UK.

Many of the investigations are large, complex, and high-profile and our cases regularly require liaison with other investigators including the Serious Fraud Office, the Financial Conduct Authority, the Insolvency Service, and the Pensions Regulator. Examples of recent case outcomes can be found on our website.

More information on the work of the Division can be found in our Annual Enforcement Review 2025.

The Forensic Technology Specialist will provide technical expertise and operational support across regulatory enforcement investigations as carried out by the FRC’s enforcement function.

The role aims to bring consistency, efficiency and improved quality to the handling of digital evidence (particularly volume data), its e-discovery processing, and interactions with investigation subjects (including accountancy and audit firms) on technical matters relating to the production of evidence in a form that is compatible with the FRC’s and its e-discovery provider’s requirements.

This role is intended to reduce technical burdens on Enforcement team members, primarily Forensic Accountants (FAs), improve evidence-handling processes, and ensure issues are identified earlier and resolved more efficiently.

• Act as the central point of contact with all parties providing material on technical queries in respect of evidence production.
• Ensure consistent approaches to information requests across cases and different types of evidence (e.g., document and image files, emails, Teams messages).
• Help standardise expectations and processes for audit file production and metadata provision.

• Act as the central point of contact with the FRC’s e-discovery provider in respect of the FRC’s use of its e-discovery platform
• Set up projects on and manage, and monitor data processed onto that e-discovery platform.
• Ensure metadata fields (e.g., audit file-specific fields) are correctly provided and correctly displayed in the review platform.
• Identify and diagnose root causes of metadata issues.
• Ensure audit file coversheets, workpapers and document linkages are correctly indexed and associated to the firm’s technical capabilities.

• Capture and share methodologies and practices adopted in respect of evidence production used across different investigation subjects and types of evidence.
• Advise case teams on optimal presentation formats for evidence depending on each evidence provider’s systems and constraints.
• Identify opportunities for using CAL/AI tools where appropriate.
• Highlight issues that may be missed by case teams when drafting information/metadata requests.
• Work with the Digital Innovation and Data team within FRCs IT Team to ensure adherence with FRC Good data practices and procedures
• Contribute towards FRC Technology Working Group

• Lead technical discussions with investigation subjects and the FRC’s e-discovery provider, reducing FA time spent on these tasks whilst still enabling FAs to be involved and aware.
• Engage with the FRC’s e-discovery provider to improve processes and address recurring issues.
• Support teams at case opening in respect of digital evidence gathering by providing technical guidance to assist with the information request process and address common pitfalls.
• Create or refine documents produced by investigation subjects for the purpose of helping navigate large data sets (for example audit file indices) for case teams, reducing manual effort.
• Assist case teams in reconciling evidence productions to requests and verifying processing accuracy.

• Create usable navigation documents to assist FA review of data sets using specific information provided by investigation subjects.
• Develop templates and automation tools to streamline repetitive technical tasks.
• Collate shared learnings into guidance or standardised templates.
• Work with Service Delivery Team within the FRC’s IT Team, to enhance and develop the needs of Digital progression within the Enforcement Team

• Potential to support data extraction from digital devices as part of evidence collation (e.g., device imaging) if suitably skilled.
• Explore opportunities for the role to support team‑wide upskilling in forensic technology.

• Strong understanding of digital evidence handling, metadata, eDiscovery platforms (and ideally in the context of investigation work).
• Ability to troubleshoot technical issues with data, metadata and platform processing.
• Experience liaising with technical teams within large scale businesses (e.g. accounting and audit firms) or similar environments.
• Ability to communicate technical concepts clearly to non‑technical stakeholders.
• Strong organisational ability and attention to detail.
• Self-reliant and able to work independently

• Forensic accounting knowledge or experience supporting enforcement investigations that include a significant forensic accountancy element.
• Experience of producing documents for the purpose of helping navigate large data sets (e.g. producing audit file indices) and/or reconciling evidence productions.
• Experience with CAL/AI review tools.
• Familiarity with audit file software used by major accounting/audit firms.
• Aptitude for process improvement and automation

Please apply by following the link our website and uploading a copy of your CV and covering letter as a single document upload . In the covering letter, please set out, by reference to the person specification above how you meet the required skillset.

• How you meet the required skillset
• Tell us where you heard about this job

• The FRC offers remuneration packages, including 30 days annual leave, ability to buy extra leave.
• Generous employer pension contribution of 10%.
• Staff Employee Assistance Programme including confidential counselling and work life services.
• The FRC offers staff the opportunity to save at least 25% on the purchase of a new bike through the Cycle to work scheme.
• The FRC has a strong work/life balance ethos.

The Financial Reporting Council’s (FRC’s) purpose is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. We are the UK Competent Authority for audit. We also set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing, and actuarial work. We monitor and take enforcement action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about our work can be found at

The Systems of Quality Management team, within the Audit Market Supervision (AMS) team, is responsible for inspecting the systems of quality management, for firms that undertake public interest entity audits, and their compliance with ISQM (UK) 1 and ISQM (UK) 2. We identify and communicate findings and good practice to the audit firms to drive commitment to designing, implementing and operating systems that enable proactive management of audit quality. This work requires significant engagement with the audit firms and working closely with other teams across the supervision division.

The role involves:

• Carrying out ISQM (UK)‑based inspection activities, with supervision and support, across firms auditing public interest entities, focusing on the twelve largest firms to benchmark practices and identify findings that drive regulatory compliance and continuous improvement.
• Contributing to strategic discussions on how we plan and perform inspection activities for firms of different sizes and structures.
• Contributing to the communication of our key findings and concerns to internal and external stakeholders verbally and in writing.
• Communicating closely with other teams within the FRC to ensure a joined up and coordinated approach.
• Developing professional working relationships with audit firm contacts to explain questions and concerns in a potentially challenging environment.
• Flexible management of work on medium- and long-term projects (usually over several months), and ongoing management of project timelines and flow of information from audit firms.
• Analysing large amounts of information, balancing detail with the bigger picture, and recognising when to involve senior colleagues.
• Exercising judgment to highlight key concerns and omissions and consider how they can be persuasively presented.

The person

The ideal candidate will have:

• Strong understanding of, and interest in, ISQM (UK) 1 and 2.
• Some experience at manager level in the audit profession in the audits of listed and other public interest entities, or a similar level role within the central functions of an audit firm.
• Strong technical understanding of audit processes and audit quality management mechanisms and systems.
• Awareness of the audit market and the differences between large and small firms in the market.
• Understanding of our quality, competition, and growth agendas, and how these might influence our monitoring work.
• Strong written and oral communication skills, including drafting reports for publication.
• Strong analytical and critical review skills.
• Effective project and time management skills, and the ability to work with a reasonable degree of independence on long-term projects and identify where support and engagement are needed.

Please apply by uploading a copy of your CV and covering letter as a single document upload. In the covering letter, please set out, by reference to the person specification above how you meet the required skillset.

Rewards and benefits

• The FRC offers remuneration packages, including 30 days annual leave, ability to buy extra leave.
• Generous employer pension contribution of 10%.
• Staff Employee Assistance Programme including confidential counselling and work life services.
• The FRC offers staff the opportunity to save at least 25% on the purchase of a new bike through the Cycle to work scheme.
• The FRC has a strong work/life balance ethos.

The Financial Reporting Council’s (FRC’s) purpose is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. We are the UK Competent Authority for audit. We also set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing, and actuarial work. We monitor and take enforcement action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about our work can be found at

The Systems of Quality Management team, within the Audit Market Supervision (AMS) team, is responsible for inspecting the systems of quality management, for firms that undertake public interest entity audits, and their compliance with ISQM (UK) 1 and ISQM (UK) 2. We identify and communicate findings and good practice to the audit firms to drive commitment to designing, implementing and operating systems that enable proactive management of audit quality. This work requires significant engagement with the audit firms and working closely with other teams across the supervision division.

The role involves:

• Carrying out ISQM (UK)‑based inspection activities, with supervision and support, across firms auditing public interest entities, focusing on the twelve largest firms to benchmark practices and identify findings that drive regulatory compliance and continuous improvement.
• Contributing to strategic discussions on how we plan and perform inspection activities for firms of different sizes and structures.
• Contributing to the communication of our key findings and concerns to internal and external stakeholders verbally and in writing.
• Communicating closely with other teams within the FRC to ensure a joined up and coordinated approach.
• Developing professional working relationships with audit firm contacts to explain questions and concerns in a potentially challenging environment.
• Flexible management of work on medium- and long-term projects (usually over several months), and ongoing management of project timelines and flow of information from audit firms.
• Analysing large amounts of information, balancing detail with the bigger picture, and recognising when to involve senior colleagues.
• Exercising judgment to highlight key concerns and omissions and consider how they can be persuasively presented.

The ideal candidate will have:

• Strong understanding of, and interest in, ISQM (UK) 1 and 2.
• Some experience at manager level in the audit profession in the audits of listed and other public interest entities, or a similar level role within the central functions of an audit firm.
• Strong technical understanding of audit processes and audit quality management mechanisms and systems.
• Awareness of the audit market and the differences between large and small firms in the market.
• Understanding of our quality, competition, and growth agendas, and how these might influence our monitoring work.
• Strong written and oral communication skills, including drafting reports for publication.
• Strong analytical and critical review skills.
• Effective project and time management skills, and the ability to work with a reasonable degree of independence on long-term projects and identify where support and engagement are needed.

• The FRC offers remuneration packages, including 30 days annual leave, ability to buy extra leave.
• Generous employer pension contribution of 10%.
• Staff Employee Assistance Programme including confidential counselling and work life services.
• The FRC offers staff the opportunity to save at least 25% on the purchase of a new bike through the Cycle to work scheme.
• The FRC has a strong work/life balance ethos.