Introduction from the Secretary of State
Thank you for your interest in joining the Board of the UK Accounting Standards Endorsement Board (UKEB).
You may already have some understanding of the important work of the UKEB and this pack will tell you more about the purpose and the nature of the role.
The UKEB influences, endorses and adopts new or amended international accounting standards issued by the International Accounting Standards Board for use by UK companies. It also consults publicly with stakeholders that have an interest in financial reporting in the UK so that it can develop and represent evidence-based UK views with the aim of acting as the UK voice on IFRS financial reporting.
The new members will have the opportunity to influence the UKEB’s vision and strategy. They will also play a key role in continuing to build the profile of the Board and the ongoing development of relationships with a broad range of stakeholders, both domestically and internationally.
If you believe you have the experience and qualities we are seeking to contribute to this important organisation, we very much look forward to hearing from you.
We welcome applications from individuals of all backgrounds, including those from under-represented groups.
Kevin Hollinrake MP
Minister for Business and Trade
UK Endorsement Board members represent the best available combination of technical skills and background experience of relevant business and economic conditions to contribute to the development of high quality, global financial reporting standards.
We are seeking two additional Board members to complement the skillset of the existing Board either with experience as a preparer of accounts or with an accounting firm background.
· Preparer: Contributions from preparers are essential to ensuring that the Board develops a clear understanding of the impact of International Financial Reporting Standards (IFRS) from the preparer perspective, including as part of its broader consideration of the UK public good. Their contribution is also important in supporting the Board in the setting of its strategic direction and thought leadership activity.
· Accounting Firm Background: Candidates should bring in-depth specialist accounting knowledge and experience in relation to IFRS. Their contribution is particularly important in supporting the Board’s assessment of complex technical accounting matters and their potential impact in respect of the UK public good.
The UKEB was established to serve the UK public interest, by contributing to the research and development of high-quality International Financial Reporting Standards (IFRS) and their endorsement and adoption for use in the UK. The UKEB is committed to upholding the high quality of IFRS and building on the UK’s position as a leading financial centre, guided by the key principles of accountability, independence, transparency and thought leadership.
The UKEB was established in March 2021 and was delegated statutory powers by the Secretary of State for Business, Energy and Industrial Strategy (BEIS) in May 2021. Following the dissolution of BEIS in February 2023, the Secretary of State for Business and Trade now has oversight responsibility in respect of UKEB’s technical work. The Financial Reporting Council has oversight responsibility in respect of UKEB’s governance and due process procedures.
The UKEB is an independent decision-making body. It needs to be driven by a Board which is not only technically strong, but which is credible in accounting standard-setting circles globally and is able to engage effectively with the international accounting community through its Independent Board Members. This is particularly salient in a potentially uncertain economic environment, as is the ability to promote the UK’s views and interests in a global sphere with clarity, integrity and commitment.
The Board is responsible for:
• influencing the development of IFRS. The UKEB will contribute to debates on all IASB projects, consult with UK stakeholders to obtain their views and highlight any concerns to the IASB at every stage of their project, including the development of its agenda and post-implementation reviews.
• following the process for the endorsement and adoption of IFRS specified in legislation. The UKEB will decide on whether to adopt IFRS for application by UK companies.
• providing thought-leadership. The UKEB will undertake research and contribute to the development of financial reporting internationally. It will also undertake to inform and educate UK and international stakeholders on developments in financial reporting.
• complying, at all times, with the UKEB’s four guiding principles of transparency, accountability, independence and thought leadership.
The UK Endorsement Board currently comprises the following individuals:
- Pauline Wallace, Executive Chair
- Mike Ashley, Non-Executive Member
- Phil Aspin, Non-Executive Member
- Paul Lee, Non-Executive Member
- Liz Murrall, Non-Executive Member
- Edward Knapp, Non-Executive Member
- Giles Mullins, Non-Executive Member
- Sandra Thompson, Non-Executive Member
- Amir Amel-Zadeh, Non-Executive Member
- Michael Wells, Non-Executive Member
- Robin Cohen, Non-Executive Member
- Kathryn Cearns OBE, Non-Executive Member
- Kathryn Coates, Non-Executive Member
The full list of members and their biographies is published at: