Response 7 - BDO

Private and Confidential

Pauline Wallace UK Endorsement Board 8th Floor 125 London Wall London EC2Y 5AS

Tel: +44 (0)20 7486 5888 Fax: +44 (0)20 7487 3686 DX 9025 West End W1 www.bdo.co.uk

55 Baker Street London W1U 7EU

3 October 2022

Dear Pauline

Response to Invitation to Comment on the Draft Endorsement Criteria Assessment (DECA) of narrow-scope amendments issued 2021

We welcome the opportunity to comment on the above.

We are supportive of the adoption of these amendments in the United Kingdom. Our responses to the questions in the DECA are set out in the attached Appendix.

Yours sincerely

For and on behalf of BDO LLP

BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members' names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU. BDO LLP is authorised and regulated by the Financial Conduct Authority to conduct investment business.

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APPENDIX

Questions

Technical criteria assessment

1. 1Do you agree with the draft assessment of the:

a) IAS 1 Amendments against the technical criteria? (please select one option)

b) IAS 8 Amendments against the technical criteria? (please select one option)

c) IAS 12 Amendments against the technical criteria? (please select one option)

1. 2Please include any comments you may have in response to question 1:

No comments

True and fair view

1. 3Do you agree with the draft assessment that the:

a) IAS 1 Amendments are not contrary to the true and fair view requirement? (please select one option)

b) IAS 8 Amendments are not contrary to the true and fair view requirement? (please select one option)

c) IAS 12 Amendments are not contrary to the true and fair view requirement? (please select one option)

1. 4Please include any comments you may have in response to question 3:

No comments

UK long term public good

1. 5Do you agree with the initial assessments of costs and benefits for preparers and for users for the:

a) IAS 1 Amendments? (please select one option)

b) IAS 8 Amendments? (please select one option)

c) IAS 12 Amendments? (please select one option)

1. 6Please include any comments you may have in response to question 5, including if any costs have been missed out:

No comments

1. 7Do you agree with the draft assessment of the:

a) IAS 1 Amendments against UK long term public good? (please select one option)

b) IAS 8 Amendments against UK long term public good? (please select one option)

c) IAS 12 Amendments against UK long term public good? (please select one option)

1. 8Please include any comments you may have in response to question 7:

No comments