Report on the July 2023 SME Implementation Group meeting
04 Sep 2023
The IASB has issued a report on the SME Implementation Group (SMEIG) meeting held on 13 July 2023.
The SMEIG discussed the following topics:
- Second comprehensive review of the IFRS for SMEs
- guidance in the standard versus in educational material;
- impairment of financial assets;
- revenue from contracts with customers;
- control model;
- joint arrangements;
- requirement to offset equity instruments;
- International tax reform — Pillar two model rules — Proposed amendments to the IFRS for SMEs;
- Other issues
Please click to access the report on the IFRS Foundation website.
