SME Implementation Group publishes Q&A

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  • SMEIG document (mid blue) Image

19 Mar, 2020

The SME Implementation Group (SMEIG) has published a question and answer (Q&A) on the IFRS for SMEs.

The Q&A addresses the application of the undue cost or effort exemption for investment property on the date of transition to the IFRS for SMEs. The Q&A concludes that additional cost or effort due to the elapse of time between the date of transition and the date of preparing the first IFRS for SMEs financial statements is not considered.

Please click to access the Q&A through the press release on the IASB website.

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