UKEB Survey - Subsidiaries without Public Accountability: Disclosures

Date: 02 December 2021

The UK Endorsement Board secretariat has published its survey on IASB Exposure Draft ED Subsidiaries without Public Accountability: Disclosure. 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 has also been published and can be accessed here

Stakeholder responses to the UKEB survey will be used as evidence for the UKEB’s comment letter to the IASB.  It takes around 20 minutes to complete. We would particularly welcome input from preparers of subsidiary financial statements. The survey is open until COB 10 January 2022.  

The survey can be accessed here.