Report on the December 2023 SME Implementation Group meeting

  • SMEIG meeting (mid blue) Image

17 Jan 2024

The IASB has issued a report on the SME Implementation Group (SMEIG) meeting held on 5 December 2023.

The SMEIG discussed the following topics:

  • Second comprehensive review of the IFRS for SMEs
    • Proposed revised Section 23 Revenue from Contracts with Customers
    • Impairment of financial assets — results of survey on SMEs’ exposure to credit risk
  • Addendum to the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard
    • Lack of exchangeability and supplier finance arrangements

Please click to access the report on the IFRS Foundation website.

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