UKEB and AcSB of Canada pledge continued collaboration on international accounting issues

Released 22 November 2021

The UK Endorsement Board (UKEB) and the Accounting Standards Board (AcSB) of Canada have committed to ongoing collaboration on international accounting standards. This was the first bilateral meeting between the UKEB and the AcSB following the formation of the UKEB in March 2021.

The meeting enabled both Boards to introduce themselves and exchange views on International Accounting Standards Board (IASB) projects in which they have a common interest – the projects discussed included rate-regulated activities and the IASB’s Third Agenda Consultation.

The UKEB also updated the AcSB on its activities relating to its assessment of IFRS 17 Insurance Contracts for adoption for use in the UK.

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