IASB provides three methods to respond to the second comprehensive review of the IFRS for SMEs Standard
22 Apr 2020
The IASB has provided information that directs stakeholders on which method to use when providing feedback on the ‘Request for Information: Comprehensive Review of the IFRS for SMEs Standard' issued on 28 January 2020.
The RFI seeks comments on strategic and general questions, specific sections of the IFRS for SMEs, as well as new topics and other matters related to the IFRS for SMEs.
Stakeholders will be able to submit feedback by:
- Comment letter process — For stakeholders that currently have this process in place.
- Optional response document — For stakeholders without an existing comment letter process, but with the time and resources to provide one.
- Online survey — For stakeholders with limited time and resources.
Comments on the RFI are due by 27 October 2020. For more information, see the press release on the IASB’s website.