UKEB Research Report – Endorsement of IFRS Accounting Standards: An Approach to Estimating Capital Market Effects

The UKEB has published an approach to assessing cost of capital reductions, associated with the adoption of a new accounting standard in the UK, that would allow preparers to recover implementation costs in the long run.

This approach aims to provide the UKEB with an important piece of evidence in the appraisal of costs and benefits, as part of the long-term public good assessment undertaken when endorsing a new standard for use in the UK.

The approach represents the outcome of UKEB’s proactive research work, which was presented to internal and external stakeholders, including UK regulators, for feedback throughout its development. Its application was also piloted as part of the UKEB’s work on the development of its [Draft] Endorsement Criteria Assessment (DECA) for IFRS 18 and forms part of the evidence base reported in the DECA.

For more details see the report on the Endorsement of IFRS Accounting Standards: An Approach to Estimating Capital Market Effects. If you have any feedback regarding the approach developed by the UKEB, feel free to contact us at [email protected].

For further information about this project, see the UKEB project page.