Special IAS Plus Newsletter on proposed IFRS for SMEs
08 Mar 2007
Deloitte's IFRS Global Office has published a special edition of our IAS Plus Newsletter titled IASB offers IFRS relief for SMEs.
On 15 February 2007, the IASB published an Exposure Draft of a proposed International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) that could be applied by eligible SMEs instead of the full suite of IFRSs. The aim of the proposed standard is to provide a simplified, self-contained set of accounting principles that are appropriate for smaller, non-listed entities and that are based on full IFRSs. This newsletter explains the proposals. The IASB has requested comments by 1 October 2007.
Click for Newsletter (PDF 196k).