Deloitte comments to IASB on SME exposure draft
28 Nov 2007
We have submitted to the IASB our Comments on the Exposure Draft: IFRS for Small and Medium-sized Entities.
The IASB issued the Exposure Draft (ED) for comment on 15 February 2007. We note that there is strong demand globally for the introduction of an IFRS for SMEs. As a global issue, we believe that the resulting ED produced by the IASB is a fair compromise given the competing priorities of different jurisdictions and represents a good starting point from which debate and changes may be made to create an effective standard for SMEs. The key matters raised in our letter are summarised below. We also suggest that, to increase the use of the final standard in different jurisdictions, the IASB consider whether it would be viable to make the final standard available free of charge on the internet.
Click to view Comments on the Exposure Draft: IFRS for Small and Medium-sized Entities (PDF 284k). You will find all past Deloitte letters of comment to the IASB and the IASC Here.
The key matters raised in the Deloitte letter on the SME ED are:
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