SME Implementation Group publishes five draft guidance Q&As for public comment
28 Sep 2011
The SME Implementation Group has published for public comment five questions and answer documents (Q&A) on draft guidance related to the implementation of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). .
Comments are due 30 November 2011. Click for:
- IASB press release (link to IASB website)
- Draft Q&A Application of the IFRS for SMEs for financial periods ending before the IFRS for SMEs was issued (link to IASB website)
- Draft Q&A Interpretation of 'undue cost or effort' and 'impracticable' (link to IASB website)
- Draft Q&A Jurisdiction requires fallback to full IFRSs (link to IASB website)
- Draft Q&A Departure from a principle in the IFRS for SMEs (link to IASB website)
- Draft Q&A Prescription of the format of financial statements by local regulation (link to IASB website)