The SME Implementation Group (SMEIG) has published five draft Question & Answer documents (Q&As) on the IFRS for SMEs. These draft Q&As are open for comment until 30 November 2011
and cover the following topics:
The SMEIG is responsible for assisting the IASB on matters relating to the implementation of the IFRS for SMEs, which is a self-contained standard designed to meet the needs and capabilities of small and medium-sized entities.
The SMEIG is currently reviewing comments received on three other draft Q&As, for which the comment period ended in June 2011.
28 September 2011