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

The expected workplan for financial year 2024/25 will see the UKEB maintaining its focus on those aspects of the International Accounting Standards 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 third 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 2024/25 include:

• influencing the IASB and other global players to help ensure the development of high-quality international accounting standards that promote transparency and comparability of financial information and the smooth functioning of capital markets; 
• assessing all new and amended international accounting standards for adoption in the UK on a timely basis; and
• maintaining a robust operations framework to support its strategic objectives.

The UKEB's 2024/25 budget is contained within the Financial Reporting Council's (FRC's) draft 2024-25 plan and budget which was concurrently published.

The 2024/25 Regulatory Strategy consultation will run until 26 January 2024.

The press release, Draft 2024/25 Regulatory Strategy and invitation to comment are available from the UKEB website.