IASB begins field testing of SME Exposure Draft
20 Jun 2007
The IASB has launched a comprehensive programme for field testing the proposals in the Exposure Draft of an IFRS for Small and Medium-sized Entities (IFRS for SMEs) during the comment period.
The IASB has published a Field Test Questionnaire and related Compliance Checklist for the proposed IFRS for SMEs. This checklist identifies all of the accounting recognition and measurement requirements in the Exposure Draft. It is intended to allow users of the draft IFRS for SMEs to pinpoint quickly those sections and paragraphs that are directly relevant to them. The Questionnaire is currently available in English and will also be available in Spanish and French in a few days. The IASB has established a separate email address for the SME field test correspondence: smefieldtests@iasb.org. |
- Press Release (PDF 46k).
- Field Test Questionnaire and Compliance Checklist (ZIP of Word DOCs 200k)
- More Information about the SME Field Tests on IASB's website.