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IFAC welcomes expansion of IASB SME working group

  • IFAC (International Federation of Accountants) (lt gray) Image

03 May 2005

The International Federation of Accountants (IFAC) has issued a Press Release (PDF 75k) welcoming the recent expansion of the IASB's Working Group on Standards for Small and Medium-sized Entities (SMEs).

The expansion was aimed at bringing more preparers and users of SME financial statements as well as others with particular SME expertise onto the IASB's advisory group. Last month, the IASB released a staff questionnaire seeking views on possible modifications of the recognition and measurement principles in IFRSs for use in IASB standards for SMEs. Click for SME Project Information.

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