Call for volunteers: Fieldwork on impairment of SMEs' financial assets
01 Mar 2024
The IASB is seeking volunteers for fieldwork to investigate the potential impacts of proposed changes regarding the impairment of financial assets for Small and medium-sized Enterprises (SMEs).
Following discussions held during the January 2024 IASB meeting, the board tentatively decided to introduce an expected credit loss model for SMEs engaged in providing financing to customers as one of their primary businesses, while SMEs not involved in financing will continue using the incurred loss model.
Participation is open to accounting practitioners involved in SMEs' financial statement preparation and users of SMEs' financial statements. Volunteers will be asked to complete a questionnaire and engage in discussions with the SMEs project team to share insights. The aim is to have questionnaires and follow-up discussions completed by the end of April 2024.
For more information, see the press release on the IFRS Foundation's website.
