ACCA welcomes the opportunity to respond to the UK Endorsement Board (UKEB) on the narrow-scope amendments to IAS 1, IAS 8 and IAS 12. We responded to the International Accounting Standards Board (IASB) when these amendments were first exposed for comment and support the endorsement of these amendments. The amendments enacted by the IASB would elevate the UK financial reporting landscape by reducing diversity in practice and focusing preparers on material information in their financial statements.
To read the response in full, please download the consultation response document.
