Our Structure

UK public accountability

UKEB will be required to submit an annual report on its technical work to the BEIS Secretary of State who is required to lay that report in Parliament

Governance 

• The FRC will oversee the UKEB’s adherence to its due process and governance
• The UKEB is independent of the FRC in its technical decision-making
• The FRC “host” the UKEB by giving it office space and other facilities such as HR

Independent endorsement and adoption of standards and influencing activities

• UKEB’s statutory functions are to:
  1. Endorse and adopt international accounting standards when they meet the criteria in SI 2019/685
  2. Carry-out influencing activities relating to the development of global international financial reporting standards