Argentina proposes to adopt IFRS for SMEs
Apr 01, 2010
As previously reported on IAS Plus, Argentina will require all companies that publicly offer equity or debt securities to switch to IFRSs starting in 2012, with an option to use IFRSs in 2011 or, in some cases, 2010.
On 19 March 2010, the Federación Argentina de Consejos Profesionales de Ciencias Económicas (the national professional accounting body in Argentina) issued an exposure draft proposing to adopt the IFRS for SMEs as an option for all entities not required to use full IFRSs.
The exposure draft proposes that those private entities should also be permitted to use accounting standards that the Federation has issued or may issue in the future. Click for Technical Resolution No. 29 (PDF 32k, Spanish). The IASB has published a Spanish translation of the IFRS for SMEs (NIIF para las PYMES), available for free download here.
