IFRS Foundation appoints members of the SME Implementation Group
05 Aug 2010
The IFRS Foundation today announced the membership of the newly created SME Implementation Group.
The mission of the Group is to support the international adoption of the IFRS for Small and Medium-sized Entities (IFRS for SMEs) and to monitor its implementation.
The Group has two main responsibilities:
- to develop non-mandatory guidance for implementing the IFRS for SMEs in the form of questions and answers that will be made publicly available on a timely basis; and
- to make recommendations to the IASB if and when needed regarding amendments to the IFRS for SMEs.
Although members of the group do not act as country representatives, the Trustees of the IFRS Foundation have sought to ensure a balanced geographical distribution in selecting its members. The members of the Group will serve a renewable term of two years from July 2010; the chairman is the IASB member Paul Pacter.
Click for:
- IFRS Foundation press release (PDF 42k)
- Full list of members of the group on the IASB's website
- IAS Plus page summarizing the IFRS for SMEs
