EFRAG letter to IASB on SME project
14 Feb 2006
The European Financial Reporting Advisory Group (EFRAG) has written to IASB Board Vice Chairman Tom Jones, who chairs the Board's SME Working Group, recommending that the Board change its approach to developing an exposure draft of an IFRS for Small and Medium-sized Entities (SMEs).
EFRAG wants to express its full support for the comments you made in your introduction to the Board's deliberations at the January meeting where you indicated that:
We agree with this view. We think it is important that the IFRS for SMEs is easy to understand and comprehensive on a stand-alone basis. |