Response 5 - Deloitte

Deloitte IIP 1 New Street Square London EC4A3HQ

Phone: +44 (0)20 7936 3000 Fax: +44 (0)20 7583 1198 www.deloitte.co.uk

29 March 2023

Pauline Wallace Chair UK Endorsement Board 1 Victoria Street London SW1H 0ET

To be sent via email to: [email protected]

Dear Pauline

We welcome the opportunity to respond to the UK Endorsement Board's (UKEB) invitation to comment on its draft endorsement criteria assessment of the narrow-scope amendments to IFRS 16 Leases in determining a Lease Liability in a Sale and Leaseback that were published by the IASB in September 2022.

We strongly support a single set of global corporate reporting standards and such we fully support the endorsement of the narrow-scope amendments to IFRS 16.

Yours sincerely

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