The Financial Reporting Council (FRC) has announced revisions to its suite of International Standards on Auditing (UK) [ISAs (UK)]. The updated standards are a result of amendments to ISQM (UK) 1, ISQM (UK) 2, ISA (UK) 220, and ISA (UK) 600, which cover a range of quality control processes for firms conducting audits and reviews of financial statements, as well as other assurance and related services engagements. Following public consultations conducted in 2021 for ISQM (UK) 1, ISQM (UK) 2, and ISA (UK) ...