IASB: Procedure for receiving implementation issues on the IFRS for SMEs

04 January 2016

The IASB has set up a procedure whereby small companies and other interested parties can submit implementation issues on the IFRS for SMEs for consideration

During the recent comprehensive review of the IFRS for SMEs—the Standard developed for entities that do not have public accountability and that prepare general purpose financial statements—the Board decided that a procedure should be established to allow constituents to submit implementation issues on the IFRS for SMEs.  Submitted issues will be dealt with by staff in one of two ways:

In all cases, submitted issues will be dealt with without publication of the submitter’s or organisation’s name or contact details. 

Full press release


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