IAS Plus Newsletter on IFRS for SMEs
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.
