This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

UK Endorsement Board (UKEB)

EFRAG (European Financial Reporting Advisory Group) (dk green)

Background

The UKEB will influence, endorse and adopt new or amended international accounting standards* issued by the International Accounting Standards Board (IASB) for use by UK companies. 

The UKEB will consult publicly with stakeholders that have an interest in financial reporting in the UK so that it can develop and represent evidence-based UK views with the aim of acting as the UK voice on IFRS financial reporting.  The UKEB is independent of the FRC in its technical decision making.

* Means the “International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and related Interpretations (SIC-IFRIC interpretations), subsequent amendments to those standards and related interpretations, future standards and related interpretations issued or adopted by the International Accounting Standards Board (IASB)”

Independent endorsement and adoption of standards and influencing activities

The UKEB's statutory functions are to:

  • Endorse and adopt international accounting standards when they meet the criteria in SI 2019/685
  • Carry-out influencing activities relating to the development of global international financial reporting standards

UKEB Board

The UKEB will comprise between 8–14 independent Board members. Recruitment of the Board is ongoing and members will be appointed by the Chair, with a right of veto from the Secretary of State for BEIS following an open competition. Board membership will represent a diversity of backgrounds and expertise.

Further information on the UKEB including structure, workplan, endorsement and influencing projects and latest adoption status report is available on the UKEB website

UKEB contact details

UKEB

8th Floor

125 London Wall

London

Email: UKEndorsementBoard@endorsement-board.uk

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.