UKEB publishes its 2023/24 Regulatory Strategy

  • UK Endorsement Board (UKEB) Image

31 Mar, 2023

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

The UKEB's focus for the forthcoming year will be to 'maintain the momentum of the past year's achievements in 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 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 International Accounting Standards Board (IASB) and other global players to help ensure the development of high-quality financial reporting standards that promote transparency and comparability of financial information and the smooth functioning of capital markets; 
  • 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) 3 year plan which was concurrently published.

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

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