Questionnaire on SME recognition and measurement
Apr 11, 2005
The IASB has published a staff questionnaire on possible modifications of the recognition and measurement principles in IFRSs for use in IASB standards for small and medium-sized entities (SMEs).
The IASB plans to hold public round-table meetings with preparers and users of the financial statements of SMEs, most likely in September 2005, to discuss possible recognition and measurement modifications.
The questionnaire has been prepared by the staff of the IASB as a tool to identify issues that should be discussed at those round-table meetings. Response deadline is 31 May 2005. The questionnaire contains two questions:
Question 1: What are the areas for possible simplification of recognition and measurement principles for SMEs? In responding, please indicate: