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Update on the IFRS for SMEs

  • IFRS for SMEs (mid blue) Image

Jan 26, 2012

On January 20, 2012, the EFRAG's SME Working Group met with IASB member Paul Pacter in Brussels to discuss various matters relating to the IFRS for SMEs.

The report Mr. Pacter presented, which is now available on the IASB's Web site, contains information on Q&A status and discusses the comprehensive review process of the IFRS for SMEs every three years. The first review will take place in the second half of 2012, and modification would occur to (1) reflect any new or revised IFRSs in the IFRS for SMEs or (2) address implementation questions that have arisen.

Click for the report on the IASB's Web site (29 KB).

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.