Date: 03 March 2022
The UK Endorsement Board (UKEB) has submitted its Final Comment Letter (FCL) to the IASB on the Exposure Draft. The UKEB supports IASB’s efforts to develop an IFRS that would permit subsidiaries without public accountability to apply full IFRS standards with reduced disclosure. However, the UKEB recommends an extension of the scope to an ultimate parent of a group, that does not itself have public accountability. UKEB also proposes further enhancements including:
Click here for more details on the UKEB project and the related FCL.