Uk Endorsement Board (ukeb)

What Uk Endorsement Board (ukeb) does

UKEB (UK Endorsement Board) is the UK National Standard Setter for international accounting standards, established on 26 March 2021 under statutory authority and headquartered in London at 13th Floor, 1 Harbour Exchange, Harbour Exchange Square. It receives delegated powers from the Secretary of State for Business and Trade (effective 22 May 2021) to endorse and adopt international accounting standards for use in the UK, with governance oversight from the Financial Reporting Council under a Memorandum of Understanding. The organization's outputs are mandated for UK-listed companies preparing consolidated financial statements under Statutory Instrument 2019/685, making its services non-discretionary for the user base.

Its core "products" are regulatory publications rather than software: a consolidated text of all UK-adopted international accounting standards (updated annually), individual standards organized by year of adoption, adoption status reports, the UKEB Work Plan, a Regulatory Strategy (approved annually after public consultation), a Due Process Handbook, active and completed project registers, and news/event communications. Delivery is via a document management system and PDF downloads on www.endorsement-board.uk, with no API or programmatic access. The current active pipeline (12 projects) and completed project archive (51 projects as of mid-2026) include endorsement, influencing, research, and post-implementation review types — with IFRS 20 (rate-regulated activities), IFRS 18 (presentation and disclosure), and IAS 28 fair value option amendments as the most recent substantive items.

UKEB operates as a non-commercial statutory body. It has no pricing model; all standards, consultation documents, board meeting papers, and meeting recordings are published publicly at no cost. Funding flows from the Department for Business and Trade via government grant-in-aid, not commercial revenue. The Board, chaired since September 2025 by Paul Lee (Executive Chair) and supported by 13 Non-Executive Members drawn predominantly from Big Four partnerships, FTSE 100 finance leadership, and UK accounting academia, sets strategy and technical decisions. Stakeholder engagement is multi-channel (website, LinkedIn, email newsletter, public board meetings, webinars, an annual conference, and formal public consultations), targeting preparers, auditors, investors/analysts, regulators, and academics.

Name

Uk Endorsement Board (ukeb)

Legal name

UK Accounting Standards Endorsement Board

Website

https://endorsement-board.uk

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

The UK Endorsement Board (UKEB) is the UK National Standard Setter, established in 2021 under statutory authority to endorse and adopt international accounting standards for use in the UK. It serves UK-listed companies, regulated entities, auditors, and investors by publishing adopted standards and conducting public consultations.

Ownership category

akta.pro rank

Product category

Accounting Standards Regulation

NAICS

All Other Publishers (513199), Executive, Legislative, and Other General Government Support (921)

SIC

Miscellaneous Publishing (2741)

akta.pro primary industry

Standards Development & Publishing (SDOs, Technical Standards) (MPAJACAB)

akta.pro secondary industry

Governance & Board Effectiveness Advisory (BPAHAFAC)

Keywords

• International accounting standards
• UK national standard setter
• Accounting standards endorsement
• Financial reporting regulation
• IFRS adoption

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Distribution channels1 record

Marketing channels7 records

Core offering

The UK Endorsement Board endorses and adopts international accounting standards (such as IFRS) for use in the UK, publishing authoritative consolidated and per-standard texts of UK-adopted standards. It also issues adoption status reports, conducts public consultations, maintains a Due Process Handbook and Regulatory Strategy, and influences IASB standard development on behalf of UK stakeholders. Outputs are delivered as publicly available documents and web pages, with no commercial pricing.

Product overview

The UK Endorsement Board (UKEB) is the UK National Standard Setter for international accounting standards, not a traditional software product company. Its service offering consists of regulatory publications, endorsement assessments, and stakeholder engagement services. The core products include: (1) UK-Adopted International Accounting Standards - available both as consolidated documents and by individual standard; (2) Adoption Status Reports and UK Adoptions Summaries tracking standards adoption; (3) Work Plans and Regulatory Strategies providing strategic guidance; (4) Due Process Handbook documenting governance requirements; (5) Active and Completed Projects tracking the status of standards development and endorsement; and (6) News and Events communications. These are delivered as PDF documents and web pages, not as software products with integrations or APIs.

Differentiator

Problem solved

Functional benefit

Products and services

• UK-Adopted International Accounting Standards (Consolidated)

Quantifiable outcome

• 51 projects completed since establishment in March 2021
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Financial Reporting Council (FRC)coreStrategic or Co-development PartnerThe FRC has oversight responsibility for UKEB's performance of its governance and due process. The FRC also provides operational support including recruitment services for UKEB Secretariat positions. The relationship is defined through a Memorandum of Understanding.
• Department for Business and TradecoreStrategic or Co-development PartnerThe Secretary of State for Business and Trade has oversight of UKEB's discharge of its statutory functions including technical decision-making. The Secretary of State delegated adoption powers to UKEB effective 22 May 2021.
• International Accounting Standards Board (IASB)coreStrategic or Co-development PartnerThe UKEB influences the development of international accounting standards issued by the IASB and responds to exposure drafts and consultation documents. UKEB contributes to IASB research agenda and due process consultations.
• IFRS FoundationcoreStrategic or Co-development PartnerUKEB supports the work of the IFRS Foundation and others responsible for international accounting standards. The relationship involves participation in standard-setting activities and agenda consultations.
• Other National Standard SettersminorStrategic or Co-development PartnerUKEB engages with other National Standard Setters as part of its proactive approach to influencing international accounting standards development and sharing best practices.

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Financial Accounting Standards Board (FASB): FASB sets US GAAP accounting standards. It is a comparable national standard setter, with overlapping stakeholder communities (Big 4, investors, regulators) and a similar due process structure, though operating under a US rather than UK statutory mandate.
• Financial Reporting Council (FRC): The FRC is UKEB's oversight body for governance and due process, and the broader UK regulator for accounting, auditing, and corporate reporting. It is comparable as a UK financial reporting regulator but operates at a wider scope than UKEB's standards endorsement remit.

Direct peers

• European Financial Reporting Advisory Group (EFRAG): EFRAG provides endorsement advice to the European Commission on IFRS for use in the EU, making it the EU counterpart to UKEB. Several UKEB board members (e.g., Gail Tucker, Mike Ashley) have served on EFRAG technical groups, underlining functional equivalence.
• International Accounting Standards Board (IASB): The IASB develops and issues the international accounting standards (IFRS) that UKEB endorses for UK use. They are direct functional peers in the international financial reporting standard-setting ecosystem, with UKEB focused on UK endorsement and the IASB on global standard issuance.
• Accounting Standards Board of Canada (AcSB): AcSB establishes Canadian accounting standards for private and public companies, including IFRS Standards. It is a direct peer as a national standard setter that adopts or converges with IFRS.
• Accounting Standards Board of Japan (ASBJ): ASBJ develops Japanese accounting standards with a goal of convergence with IFRS. It is a direct functional peer as a national standard setter that engages with the IASB and IFRS Foundation on endorsement and convergence.
• Australian Accounting Standards Board (AASB): AASB makes Australian accounting standards, including by adopting IFRS for Australian entities. It is a direct functional peer as a national standard setter that adopts IFRS with jurisdiction-specific modifications.

Regional players

• New Zealand Accounting Standards Board (NZASB): NZASB is the New Zealand national standard setter that issues accounting standards based on IFRS for SMEs and full IFRS. It is comparable to UKEB as a small jurisdiction-specific standard setter that endorses IFRS with NZ modifications.
• China Accounting Standards Committee (CASC): CASC develops Chinese accounting standards, which have substantially converged with IFRS. It is comparable as a major non-UK national standard setter, with similar influencing relationships with the IASB and IFRS Foundation.
• Deutsches Rechnungslegungs Standards Committee (DRSC): DRSC is the German national standard setter and a member of EFRAG. It is comparable as a national standards body engaging with the IASB and EU endorsement process, though operating within the German rather than UK jurisdiction.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/uk-endorsement-board

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Uk Endorsement Board (ukeb)