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Update on the IFRS for SMEs

  • IFRS for SMEs (mid blue) Image

26 Jan 2012

On Friday 20 January 2012, the EFRAG's SME Working Group met with IASB Board member Paul Pacter in Brussels to discuss various matters relating to the IFRS for SMEs.

The report Mr Pacter presented is now available on the IASB website and contains information on Q&A status, and discusses the comprehensive review process of the IFRS for SMEs every three years. The first review will take place in the second half of 2012, and modification would occur to (1) reflect any new or revised IFRSs in the IFRS for SMEs or (2) address implementation questions that have arisen.

Click for the report on the IASB's website (29 KB).

Correction list for hyphenation

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