UKEB-DBT-FRC Structure (May 2025)

Diagram: UKEB Operational Support and Oversight Structure

This diagram illustrates the hierarchical relationships, reporting lines, and operational support structure for the UK Accounting Standards Endorsement Board (UKEB).

Key Entities and their Roles:

• UK Parliament: The ultimate authority in the structure.
• Secretary of State for Business and Trade (SoS): Holds accountability to Parliament for UKEB's statutory functions and delegates oversight responsibilities.
• Financial Reporting Council (FRC): Governed by the FRC Board, it provides oversight and operational support to UKEB.
• UK Accounting Standards Endorsement Board (UKEB): Governed by the UKEB Board, responsible for fulfilling its delegated statutory functions.
• UK Accounting Standards Endorsement Board Limited (UKASEB Limited): A wholly owned FRC subsidiary, which plays a role in staffing support for UKEB.

Relationships and Reporting Lines:

1. SoS Accountability to Parliament: The SoS is accountable to Parliament for the UKEB's fulfilment of its delegated statutory functions.
2. Annual Report (UKEB to SoS): UKEB provides an annual report to the SoS concerning its fulfilment of statutory functions, which are delegated by the SoS.
3. Annual Report (FRC to SoS): The FRC provides an annual report to the SoS regarding UKEB's adherence to robust governance and due process.
4. Oversight Delegation (SoS to FRC): The FRC has oversight responsibility, delegated by the SoS, for UKEB governance and due process.
5. Direct Oversight (FRC to UKEB): The FRC maintains direct oversight responsibility for UKEB governance and due process.
6. Operational Support (FRC to UKEB): The FRC provides operational support to UKEB, including seconded ringfenced staff, via a Service Level Agreement.
7. Staffing Support (UKASEB Limited to UKEB): UKASEB Limited hosts FRC staff who are ringfenced for secondment to the UKEB, operating under the leadership of the UKEB Chair.