IAS Plus Newsletter on IFRS for SMEs

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10 Jul 2009

As we reported in our news story of yesterday, the IASB has issued the IFRS for SMEs – a set of international accounting requirements developed specifically for small and medium-sized entities (SMEs).

It has been prepared on IFRS foundations but is a stand-alone product that is separate from the full set of IFRSs. The IFRS for SMEs has simplifications that reflect the needs of users of SMEs' financial statements and cost-benefit considerations. Deloitte's IFRS Global Office has published an IAS Plus Update Newsletter – Simplified Financial Reporting - IASB Provides Relief for SMEs (PDF 86k) explaining the new standard. Click to go to our Project Page. Past issues of all IAS Plus newsletters are Here.
Click for previous news story.


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