IFRS Foundation announces expanded membership of the SMEIG
14 May 2014
The IFRS Foundation Trustees have announced the appointment and reappointment of members of the Small and Medium-sized Entities Implementation Group (SMEIG), effective 1 July 2014. The SMEIG supports the international adoption of the 'International Financial Reporting Standards for Small and Medium-sized Entities' (IFRS for SMEs) and monitors its implementation.
In October 2012, the Trustees approved an expansion of the membership of the SMEIG from 22 to a maximum of approximately 30 as of 1 July 2014, together with proposals to stagger the terms of membership from that date. In January 2014, they invited nominations of suitable candidates and also announced that approximately half of the 22 current members would be reappointed.
Today, the Trustees announced that 11 existing SMEIG members would be reappointed and 15 new members have been appointed. The 11 reappointed members will serve a final term of two years ending 30 June 2016. The 15 new members will serve a term of three years ending 30 June 2017. 4 seats have been kept empty in case suitable candidates are identified at a later date.
A full list of the 26 members of the SMEIG effective from 1 July 2014 is available in the press release on the IASB's website.
