Report of the January 2022 SME Implementation Group meeting

  • SMEIG meeting (mid blue) Image

28 Feb, 2022

The IASB has issued a report on the SME Implementation Group (SMEIG) meeting held on 21 January 2022 via video conference.

The SMEIG discussed the following topics related to the second comprehensive review of the IFRS for SMEs Standard:

  • Definition of a business and reacquired rights in IFRS 3 Business Combinations.
  • Simplifications to IFRS 15 Revenue from Contracts with Customers.
  • Cryptocurrency.
  • Recognition and measurement of development costs.
  • Update on recent IASB decisions.

View the report is available on the IFRS Foundation website.

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