• Register
Return to: Home > News > Wanted - Chair for new UK Accounting Standards Endorsement Board

Wanted - Chair for new UK Accounting Standards Endorsement Board

The UK Department of Business, Energy and Industrial Strategy is seeking to appoint a Chair of the new United Kingdom Accounting Standards Endorsement Board (UKEB) for a three-year fixed term, with the possibility of re-appointment, subject to Ministerial approval.

The new UKEB will serve the UK public interest by contributing to: the research and development of high-quality international financial reporting standards; their endorsement and adoption for use in the UK; and international debate on developments in financial reporting by entities. It will do this by:

  • Providing thought-leadership to research, contribute to and influence the development of financial reporting internationally.
  • Following the process for the endorsement and adoption of IFRS specified in legislation.
  • Adopting, following and representing the guiding principles of transparency, accountability and independence in all its activities.

The UKEB will be accountable to the Secretary of State on technical matters; and to the FRC Board on its Governance and due process procedures. Reports on both will be made to Parliament annually.

The Chair will have full operational responsibility for determining and implementing the UKEB’s strategy and work agenda, including responsibility for the management of the Secretariat.

The Chair of the UKEB will be responsible for the establishment of the UKEB, and maintain the independence of the UKEB from within the FRC and from external stakeholders. Among other role requirements, they will act as the lead contact for the relationship with the FRC, BEIS and the Secretary of State, and wider stakeholder relationships.

Top Content

    HONG KONG NATIONALS: UNDERSTANDING VISA AND TAX WHEN MOVING TO THE UK

    Over 2 million Hong Kongers learned recently that they may soon be offered a route to UK citizenship following China’s introduction at the end of June of its controversial Security Law in the territory.

    read more

    SASB IMPLEMENTATION SERIES: COMMUNICATING ESG TO MAINSTREAM INVESTORS

    As part of a series of webinars, the Sustainability Accounting Standards Board (SASB) took a closer look at how to communicate ESG initiatives and progress to mainstream investors

    read more

    REPORTING AND COMPLIANCE: WHY WE NEED A DATA REVOLUTION

    Commerce no longer adheres to national boundaries: the largest international organisations to the smallest businesses operate in a global market. However, rules for corporate reporting and compliance do adhere to borders, write IMA’s Jeff Thomson and Liv A Watson

    read more

    CORONAVIRUS TIMELINE: REACTIONS FROM THE ACCOUNTANCY PROFESSION

    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.