UKEB and IASB Joint Webinar on IFRS 18 Presentation and Disclosure in Financial Statements

A recording of this webinar is available here.  

The UKEB and the IASB are jointly holding a webinar to introduce the requirements of IFRS 18 Presentation and Disclosure in Financial Statements and understand its potential impact if adopted for use in the UK. This webinar will take place on Monday 29 July 2024.

The IASB will present key IFRS 18 topics followed by a discussion with a panel of preparers and a user, hosted by the UKEB. This webinar is an important opportunity to engage in this debate. We invite UK stakeholders to attend the webinar to provide their views and ask questions.

To attend please register your details. If you are unable to join this webinar live, a recording will be made available on our website.

Register to attend the webinar. For further information: https://www.endorsement-board.uk/IFRS-18-Presentation-Disclosure-Financial-Statements

Introduction

Welcoming remarks from the Chair:

• UK Endorsement Board (UKEB) - Seema Jamil-O’Neill

Panel Members

• International Accounting Standards Board (IASB) – Nick Anderson
• Independent Analyst –Steve Cooper
• BP –Matt Merrick
• Ultra Electronics – Stephen Morris
• InterContinental Hotels Group PLC –Renata Padilla

Concluding remarks

• UK Endorsement Board (UKEB) – Seema Jamil-O’Neill

Panel Members Profiles

Seema Jamil-O’Neill – UK Endorsement Board (UKEB)

The UKEB is responsible for influencing the development of IFRS accounting standards and their adoption for use by UK listed companies.   Between January 2017 to April 2020, Seema worked at the UK Department for Business, Energy and Industrial Strategy as the Head of Accounting and Reporting Policy. Seema led the team responsible for maintaining the integrity of UK’s Accounting and Reporting Framework as the UK exited the EU. In that role, Seema also represented the UK at the European Commission’s Accounting Regulatory Committee, Council working groups, the UN’s Accounting Expert Group and at numerous UN conferences.  Seema is a fellow of the Institute for Chartered Accountants in England and Wales.

Nick Anderson - International Accounting Standards Board (IASB)

Nick Anderson was appointed as a member of the International Accounting Standards Board (IASB) in 2017 and reappointed to serve a second term in 2022. He has 30 years of practical experience, mainly as a buy-side investor using and supporting the development of high-quality financial reporting. Mr Anderson joined from Janus Henderson Investors in the UK, where he served as global equity portfolio manager and head of equity research. He was responsible for overseeing the sharing of research and best practice across Janus Henderson’s equity teams and served as the firm’s contact for the IASB’s Investors in Financial Reporting programme.

Mr Anderson was a member of the UK Accounting Standards Board from 2007 to 2013 and a founding member of the Corporate Reporting Users’ Forum (CRUF).

He has a degree in economics, University College, Durham, UK, and is an associate of the CFA Society of the UK.

Steve Cooper - Independent Analyst

Steve Cooper completed a 10-year term as a board member of the IASB in 2017. Prior to that he was a Managing Director in the equities division of UBS.  Steve’s earlier career includes auditing and corporate finance. He qualified as an accountant in 1983.

Steve is now an independent analyst, writes The Footnotes Analyst blog, and provides consulting and education services for investors. He is also a member of the ICAEW financial reporting committee.

Matt Merrick - BP

Matt is the Head of Upstream Technical Accounting at BP, a role which includes working with the business on the implementation of changes in accounting policy and requirements. After previously leading the segment responses to IFRS 9, IFRS 11 and IFRS 16 Matt is heading the bp group IFRS 18 implementation project.  Matt is based in London and outside of work enjoys cycling and being kept busy ferrying around his two teenage children!

Stephen Morris - Ultra Electronics

Stephen is an experienced preparer of financial statements with almost 20 years in the Aerospace and Defence industry, as Group Financial Controller at Ultra Electronics and Deputy CFO at Cobham. Driven by a desire to promote clear and value-adding financial reporting he has served on a number of Committees, including the 100 Group Financial Reporting Committee, and is currently Vice-Chair of the IASB Global Preparers Forum and a member of the UK Endorsement Board Preparer Advisor Group. In addition, Stephen has held voluntary positions in the Charity sector and is a log-serving Trustee of a large defined benefit pension scheme.

Renata Padilla - InterContinental Hotels Group PLC

Renata is currently VP Global Financial Reporting at InterContinental Hotels Group PLC (IHG) where she has worked in various reporting roles for 16 years. She began her career at PwC, qualifying as a Chartered Accountant.

Renata leads the teams responsible for IHG’s consolidation and production of Group financial statements, compliance with SOx controls and audit, Treasury accounting and around 80 sets of subsidiary accounts globally. Renata’s remit also includes technical accounting and Group policy and she led the implementation of IFRS 9, 15, 16, and 17 for IHG in addition to reporting for M&A and other significant transactions. 

Since 2022, Renata has also served as an Independent Member of the Audit and Risk Committee for English Heritage. 

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