IASB makes draft of SME Exposure Draft available for download

  • IFRS for SMEs (mid blue) Image

06 Aug 2006

The IASB has posted on its website the latest draft of an Exposure Draft (ED) prepared by staff for the IASB's project to develop an International Financial Reporting Standard for Small and Medium-sized Entities (SMEs).

That Project is ongoing, and the draft posted is a work in progress, not a finished product. Further changes, some of which could be substantial, will be made to this draft before the IASB publishes it for public comment. The IASB has discussed earlier drafts of this ED at public meetings, and this draft reflects the cumulative, tentative decisions made by the conclusion of its meeting in July 2006. Those tentative decisions have been reported in the newsletter IASB Update. The IASB has not approved this draft. The draft is being made publicly available purely for information – to give interested parties an update on the project. The IASB does not request comments on this draft, and the staff will not be in a position to consider or respond to any comments. The IASB expects to publish an ED for public comment later this year.

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