Future role of UK Accounting Standards Board

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14 Apr 2005

The UK Accounting Standards Board (ASB) has published an exposure draft of its Policy Statement, Accounting Standard-setting in a Changing Environment: The Role of the Accounting Standards Board.

The ED sets out, for consultation, the ASB's views on its future role, including its roles in:

  • contributing to the development and implementation IFRSs,
  • influencing EU policy on accounting standards, including the endorsement of IFRSs,
  • achieving convergence of UK accounting standards with IFRSs, and
  • providing guidance on applying IFRSs in the absence of guidance from IFRIC.
Comments on the Exposure Draft are invited by 15 September 2005. Click to download the (PDF 20k). You can Download the Exposure Draft from the UK ASB website (PDF 169k).

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