UKEB publishes final comment letter and feedback statement on IASB Third Agenda consultation

Released 23 September 2021

The UK Endorsement Board (UKEB) has published its final comment letter and feedback statement on the International Accounting Standards Board’s (IASB) Third Agenda consultation.

The UKEB recommends that, to retain the relevance of IFRS for stakeholders:

IASB’s resource allocation reflects the importance of digital reporting, emerging issues, and interaction with any future sustainability standards board;

climate-related risks, intangibles, and statement of cash flows are added to IASB’s 2022–2026 work plan; and

IASB focuses on its core mission of developing IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world, and considers pausing the second comprehensive review of IFRS for small and medium-sized enterprises and management commentary projects.

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