UKEB Outreach on the IASB’s IFRS 18 Presentation and Disclosure in Financial Statements

News types: Codes and Standards Announcements

Published: 16 July 2024

Issued on behalf of the UKEB: The IASB published IFRS 18 Presentation and Disclosure in Financial Statements with an effective date of annual reporting periods beginning on or after 1 January 2027, subject to adoption in the UK by the UKEB. As part of UKEB’s endorsement and adoption work, it is now seeking UK stakeholder views on the IASB’s standard. Stakeholders are invited to participate in our outreach events, as follows:

User and Preparer Surveys

The UKEB has launched surveys for UK user of accounts and preparers to gather their views on IFRS 18. The surveys take around 20–40 minutes to complete (depending on stakeholders’ familiarity with IFRS 18). Stakeholder comments are welcome until 6 September 2024.

Click to participate in our user and preparer surveys. If you have any questions regarding the surveys feel free to contact us at [email protected].

UKEB and IASB Joint Webinar

A dedicated webinar which will be carried out jointly with the IASB is taking place on Monday 29 July 2024 at 11:00 to introduce the key requirements of IFRS 18, followed by discussion of those matters with a panel of preparers and a user of accounts. Stakeholders attending this webinar will have the opportunity to provide their views and ask questions.

To participate in this webinar, please register your details. If you are unable to join this webinar live, a recording will be made available on our website.

Other educational material can be accessed in this webcast introducing the key requirements of IFRS 18. For further information on IFRS 18, see the UKEB project page and the IASB website.