UK-Adopted International Accounting StandardsAdoption Status Report
UK-Adopted International Accounting StandardsAdoption Status Report

Structure

UK public accountability

UKEB will be required to submit an annual report on its technical work to the BEIS Secretary of State who is required to lay that report in Parliament.

Governance 

  • The FRC will oversee the UKEB’s adherence to its due process and governance.
  • The UKEB is independent of the FRC in its technical decision-making.
  • The FRC “host” the UKEB by giving it office space and other facilities such as HR.
  • UKEB & FRC Organisational Alignment 

Independent endorsement and adoption of standards and influencing activities

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.




Complaints - The UKEB is committed to providing a high-quality service to everyone we deal with. If you think we have not met these standards, please follow this link to our complaints policy.