diff --git a/Packages/com.unity.inputsystem/CHANGELOG.md b/Packages/com.unity.inputsystem/CHANGELOG.md
index 831b491ec7..43a8034877 100644
--- a/Packages/com.unity.inputsystem/CHANGELOG.md
+++ b/Packages/com.unity.inputsystem/CHANGELOG.md
@@ -74,6 +74,7 @@ however, it has to be formatted properly to pass verification tests.
 - Fixed 3D Vector and 1D Axis binding dropdown usage in Input Actions Editor throwing NotImplementedExceptions.
 - Fixed several missing tooltips from the Action/Binding Properties pane in Input Actions Editor.
 - Fixed an issue in the InputActionAsset Editor where ControlType wasn't updated when ActionType changed.
+- Fixed an issue in the InputActionAsset Editor where Canceling ControlScheme changes didn't reset the values in the UI.
 
 ## [1.8.0-pre.2] - 2023-11-09
 
diff --git a/Packages/com.unity.inputsystem/InputSystem/Editor/UITKAssetEditor/Commands/ControlSchemeCommands.cs b/Packages/com.unity.inputsystem/InputSystem/Editor/UITKAssetEditor/Commands/ControlSchemeCommands.cs
index efd77de9d3..2db9ead78c 100644
--- a/Packages/com.unity.inputsystem/InputSystem/Editor/UITKAssetEditor/Commands/ControlSchemeCommands.cs
+++ b/Packages/com.unity.inputsystem/InputSystem/Editor/UITKAssetEditor/Commands/ControlSchemeCommands.cs
@@ -131,6 +131,26 @@ public static Command SelectControlScheme(int controlSchemeIndex)
             };
         }
 
+        public static Command ResetSelectedControlScheme()
+        {
+            return (in InputActionsEditorState state) =>
+            {
+                var controlSchemeSerializedProperty = state.serializedObject
+                    .FindProperty(nameof(InputActionAsset.m_ControlSchemes))
+                    .GetArrayElementAtIndex(state.selectedControlSchemeIndex);
+
+                if (controlSchemeSerializedProperty == null)
+                {
+                    return state.With(
+                        selectedControlSchemeIndex: -1,
+                        selectedControlScheme: new InputControlScheme());
+                }
+
+                return state.With(
+                    selectedControlScheme: new InputControlScheme(controlSchemeSerializedProperty));
+            };
+        }
+
         public static Command SelectDeviceRequirement(int deviceRequirementIndex)
         {
             return (in InputActionsEditorState state) => state.With(selectedDeviceRequirementIndex: deviceRequirementIndex);
diff --git a/Packages/com.unity.inputsystem/InputSystem/Editor/UITKAssetEditor/Views/ControlSchemesView.cs b/Packages/com.unity.inputsystem/InputSystem/Editor/UITKAssetEditor/Views/ControlSchemesView.cs
index d9152d1375..45686080f2 100644
--- a/Packages/com.unity.inputsystem/InputSystem/Editor/UITKAssetEditor/Views/ControlSchemesView.cs
+++ b/Packages/com.unity.inputsystem/InputSystem/Editor/UITKAssetEditor/Views/ControlSchemesView.cs
@@ -25,7 +25,7 @@ public ControlSchemesView(VisualElement root, StateContainer stateContainer, boo
                 InputActionsEditorConstants.ControlSchemeEditorViewUxml);
 
             var controlSchemeVisualElement = controlSchemeEditor.CloneTree();
-            controlSchemeVisualElement.Q<Button>(kCancelButton).clicked += Close;
+            controlSchemeVisualElement.Q<Button>(kCancelButton).clicked += Cancel;
             controlSchemeVisualElement.Q<Button>(kSaveButton).clicked += SaveAndClose;
             controlSchemeVisualElement.Q<TextField>(kControlSchemeNameTextField).RegisterCallback<FocusOutEvent>(evt =>
             {
@@ -50,7 +50,7 @@ public ControlSchemesView(VisualElement root, StateContainer stateContainer, boo
             m_ModalWindow.Add(popupWindow);
             root.Add(m_ModalWindow);
             m_ModalWindow.StretchToParentSize();
-            m_ModalWindow.RegisterCallback<ClickEvent>(evt => Close());
+            m_ModalWindow.RegisterCallback<ClickEvent>(evt => CloseView());
             popupWindow.RegisterCallback<ClickEvent>(evt => evt.StopPropagation());
 
             m_ListView = controlSchemeVisualElement.Q<MultiColumnListView>(kControlSchemesListView);
@@ -111,12 +111,28 @@ public override void DestroyView()
 
         private void SaveAndClose()
         {
+            // Persist the current ControlScheme values to the SerializedProperty
             Dispatch(ControlSchemeCommands.SaveControlScheme(m_NewName, m_UpdateExisting));
-            Close();
+            CloseView();
         }
 
-        private void Close()
+        private void Cancel()
         {
+            // Reload the selected ControlScheme values from the SerilaizedProperty and throw away any changes
+            Dispatch(ControlSchemeCommands.ResetSelectedControlScheme());
+            CloseView();
+        }
+
+        private void CloseView()
+        {
+            // Closing the View without explicitly selecting "Save" or "Cancel" holds the values in the
+            // current UI state but won't persist them; the Asset Editor state isn't dirtied.
+            //
+            // This means accidentally clicking outside of the View (closes the dialog) won't immediately
+            // cause loss of work: the "Edit Control Scheme" option can be selected to re-open the View
+            // the changes retained. However, if a different ControlScheme is selected or the Asset
+            // Editor window is closed, then the changes are lost.
+
             m_NewName = "";
             OnClosing?.Invoke(this);
         }