The UKEB’s work is focused on influencing the development and adoption of high-quality financial reporting standards that promote the UK public good by ensuring transparency and comparability of financial information, and the smooth functioning of capital markets.

The draft Regulatory Strategy contains the UKEB's 2022/23 workplan and also its strategic objectives for 2022/25.  As the UKEB’s statutory functions relate to influencing the International Accounting Standard Board (IASB) during the development of new and amended International Financial Reporting Standards (IFRS) and the subsequent adoption of those standards, the work plan is necessarily focused on the projects on the IASB's current and future agenda, or those issued standards and amendments requiring adoption for use in the UK.   

The strategic objectives for 2022-2025 include:

• influencing the IASB and other global players on the development of high-quality financial reporting standards;
• assessing all new and amended international standards for adoption in the UK on a timely basis; and
• establishing and maintaining a robust operations framework to support its strategic objectives.

The UKEB's 2022/23 budget is contained within the Financial Reporting Council's (FRC's) draft 3 year plan which was concurrently published.

The 2022/23 Regulatory Strategy consultation will run until 1 March 2022. 

The press release and Regulatory Strategy 2022/23 are available from the UKEB website.