Define: Urgent Issues Task Force

Business, Legal & Accounting Glossary

Definition: Urgent Issues Task Force


Quick Summary of Urgent Issues Task Force


The Urgent Issues Task Force (UITF) was established to investigate areas where conflicts or unsatisfactory interpretation of an accounting standard or Companies Act provision exists or may develop in the future.



What is the dictionary definition of Urgent Issues Task Force?

Dictionary Definition


The Urgent Issues Task Force (UITF) was a body established in 1991 as part of the Accounting Standards Board.

It was responsible for tackling urgent matters not covered by existing standards where the timescale of the normal standard-setting process would not be feasible.

The UITF was disbanded in 2012 as part of the reformation of the Financial Reporting Council.


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Full Definition of Urgent Issues Task Force


A sub-committee of the former Accounting Standards Board (ASB) that was set up to deal with urgent accounting issues on an ad hoc basis.


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Urgent Issues Task Force. PayrollHeaven.com. Retrieved April 09, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/urgent-issues-task-force/

Definition Sources


Definitions for Urgent Issues Task Force are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th January, 2020