UKEB publishes its draft 2023/24 Regulatory Strategy for consultation

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21 Dec, 2022

The UK Endorsement Board (UKEB) has published its draft 2023/24 Regulatory Strategy for consultation.

The UKEB’s work is focused on influencing the development of high-quality international accounting standards that promote the UK public good by ensuring transparency and comparability of financial information thereby underpinning confidence in the UK's capital markets.

The expected workplan for financial year 2023/24 will see the UKEB maintaining its focus on those aspects of the International Accounting Standard Board's (IASB's) agenda that are of highest priority to UK stakeholders.

The UKEB’s three-year strategy for the period 2022-25 was published in March 2022 following consultation. In the second year of the three-year strategy, the UKEB’s strategic objectives remain unchanged and it will continue to build on the previous year's work on achieving those objectives.

The strategic objectives for 2023/24 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 
  • maintaining a robust operations framework to support its strategic objectives.

The UKEB's 2023/24 budget is contained within the Financial Reporting Council's (FRC's) draft 3 year plan which was concurrently published.

The 2023/24 Regulatory Strategy consultation will run until 27 January 2023.

The press release and the Draft 2023/24 Regulatory Strategy are available from the UKEB website.

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