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Report of the February 2021 SME Implementation Group meeting

  • SMEIG meeting (mid blue) Image

18 Mar 2021

The IASB has issued a report on the SME Implementation Group (SMEIG) meeting held on 4–5 February 2021 via video conference.

The SMEIG discussed feedback on the Request for Information Second Comprehensive Review of the IFRS for SMEs Standard related to the following topics:

  • Alignment approach and principles.
  • When to consider alignment.
  • Alignment with the 2018 Conceptual Framework for Financial Reporting.
  • Alignment with IFRS 13 Fair Value Measurement.
  • Alignment with IFRS 3 Business Combinations.
  • Alignment with IFRS 10 Consolidated Financial Statements.
  • Alignment with IFRS 11 Joint Arrangements.
  • Alignment with IFRS 9 Financial Instruments.
  • Alignment with IFRS 16 Leases.
  • Alignment with IFRS 15 Revenue from Contracts with Customers.

View the report is available on the IASB website.

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