The UK Endorsement Board's draft comment letter has been informed through desk-based research and outreach with its stakeholders.  The draft comment letter recommends that the IASB:

1. Retains sufficient flexibility in its work plan to address the interaction between IFRS and any future international sustainability standards to be developed by the International Sustainability Standards Board (ISSB).
2. Allocates more resource to its work on digital financial reporting.
3. Includes in its work on Standards development a structured and cohesive research programme which anticipates and addresses emerging issues.
4. Adds three large-scope high-priority projects to its work plan: climate-related risk, intangibles, and statement of cash flows and related matters.  The draft comment letter recommends suggested scope for these projects including a cross-standard approach to the climate-related risk and intangibles projects to support efficiency and consistency.
5. Considers whether it should pause or rationalise certain projects on its current work plan.  The draft comment letter suggests that the projects on the Second Comprehensive Review of the IFRS for SMEs and Management Commentary could be paused and the Extractive Activities projects be rationalised in order to provide the required resources.

Comments on the draft comment letter are requested by 31 August 2021.  A press release, the draft comment letter and the invitation to comment are available on the UKEB website.