UKEB Survey - Subsidiaries without Public Accountability: Disclosures (extended deadline)

Date: 17 December 2021

The UK Endorsement Board Secretariat published a survey on IASB Exposure Draft (ED) Subsidiaries without Public Accountability: Disclosures in early December 2021. The IASB ED proposes a financial reporting standard that would permit eligible subsidiaries to apply reduced disclosure requirements with the recognition, measurement and presentation requirements in full IFRS Standards. A paper comparing FRS 101 and IASB ED is also available on our website and can be accessed here.

Stakeholder responses to the UKEB survey will be used as evidence for the UKEB’s final comment letter to the IASB.  It takes around 20 minutes to complete. We would particularly welcome input from preparers of subsidiary financial statements. The deadline to complete the survey has been extended to COB 31 January 2022.  

The survey can be accessed here.