Call for Participants for Field Testing

UKEB in conjunction with IASB are seeking UK companies to field-test the proposals contained in ED/2021/3 Disclosure Requirements in IFRS Standards – A Pilot Approach.  This exposure draft proposes to replace mandatory disclosure requirements with an objectives based regime, and proposes amendments to the disclosure requirements in IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits.  Field testing provides the opportunity to test the proposals, identify any issues specific to UK companies, and influence the further development of these proposals by the IASB.  UKEB will use the results of field testing to prepare the UKEB Comment Letter to the IASB, and all results the of field testing will be shared with IASB.

Field testing involves testing the IASB's proposals, by either:

• preparing mock disclosures applying the proposed requirements for IFRS13 and/or IAS 19; and/or
• completing a questionnaire about the mock disclosures including questions about application; and/or
• discussing with UKEB/IASB staff the process or impact of preparing the mock disclosures

Please contact us on Contact@endorsement-board.uk if you are interested in participating or would like to learn more about the field tests.