The UK Endorsement Board (UKEB) is looking for stakeholders to be interviewed in support of its current projects. The first considers how IFRS 18 Presentation and Disclosure in Financial Statements could be implemented in the UK, while the second is focused on the statement of cash flows.

Endorsement of IFRS 18

Since 2021, the UKEB has been responsible for endorsing and adopting IFRS accounting standards for use by UK companies. To inform its endorsement decisions, the UKEB consults with stakeholders to understand the practical implications of IFRS accounting standards for UK companies.

As part of this work, the UKEB is seeking preparers of financial statements to participate to share their views on the costs and challenges associated with implementing IFRS 18. 

IFRS 18 is set to replace IAS 1 Presentation of Financial Statements for annual reporting periods beginning on or after 1 January 2027, but will only be endorsed by the UKEB following due consideration. 

The research interviews will inform the UKEB’s endorsement process and offer those taking part an opportunity to influence the adoption and use of IFRS 18 in the UK. 

Interviews will last between 45 minutes and one hour and will be based on questions shared by the UKEB.

Preparers interested in taking part should contact the UKEB on F.Malomo@endorsement-board.uk by 31 March 2025. More information on the UKEB’s endorsement of IFRS 18 can be found on its project page.

Research on the statement of cash flows

In September 2024, the International Accounting Standards Board (IASB) initiated a research project on the statement of cash flows in response to feedback.

The UKEB has now launched its own project on the statement of cash flows to ensure the IASB understands the views of UK stakeholders.

The UKEB is seeking stakeholders to take part in interviews on the nature and extent of perceived deficiencies in the statement of cash flows and desired improvements from a UK perspective. 

Practitioners wanting to share their views can register to attend an interview by completing an online form, or contacting the project team at UKEndorsementBoard@endorsement-board.uk by 31 January 2025.