Wednesday webinar at one: Future of International Financial Reporting Standards after Brexit (Fully Booked)
Wed 24 Jan 18 at WEBINAR, Online

What are the decisions the UK has to take in terms of accounting standards? What options are available? Learn and give your viewpoint!

Internationally recognised financial reporting standards help companies communicate with international markets and have been shown to promote investor confidence. The UK financial reporting framework is underpinned by the EU framework in this area. As we prepare for departure, the Government’s priority is to maximise certainty for individuals and businesses by providing the basis for a smooth and orderly exit and to maintain the integrity of, and confidence in, the UK’s well-respected accounting and financial reporting framework.

Given the Government’s wider commitment to a single set of global accounting standards, and the importance of avoiding unnecessary uncertainty for business the Government is looking  to find an effective approach to the incorporation of future IFRS after departure from the EU that will ensure a smooth transition. 

The UK and the EU start from a position of close regulatory alignment and trust in one another’s institutions. There are a number of potential options for how a new UK adoption framework could build on this relationship. These range from simply requiring the use of future IFRS as issued by the International Accounting Standards Board, to a more extensive analysis and consultation exercise in relation to future IFRS to ensure the requirements are in the interest of the UK public good. This webinar seeks views on these future options.

Seema Jamil-O’Neill
Assistant Director, Department for Business, Energy and Industrial Strategy (BEIS)

Seema Jamil-O’Neill is an Assistant Director at the Department for Business, Energy and Industrial Strategy (BEIS). She is the lead on accounting policy, responsible for maintaining:
- the UK accounting and reporting framework for listed (IFRS) and unlisted companies (UK GAAP);
- the UK non-financial reporting framework; and
- framework for iXBRL reporting

Seema is on secondment from the Financial Reporting Council where she is a Project Director and was responsible for developing policy positions on accounting matters in the banking and insurance industry. She also worked for KPMG as a Group Audit Manager.

Seema is a member of the Institute of Chartered Accountants for England and Wales (ICAEW).

When and where?

Wednesday 24 January 18

Registration: 12:55
Event: 13:00 - 13:40

WEBINAR, Link will be emailed closer to the time, Online
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Member - ££0
Non-member - ££20

This is eligible for 0.75 CPD hours