IFAC urges focus on needs of SMEs

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

07 Apr 2006

The International Federation of Accountants (IFAC) has issued a statement expressing support for "appropriate, simplified guidance being developed for small and medium entities....

Recognising that international standards that are right for a large public company may be burdensome for a small enterprise, IFAC, together with its member bodies, is urging standard setters and regulators to consider the unique needs of small and medium enterprises (SMEs) in developing their rules and regulations." Click for IFAC Statement (PDF 79k).

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