March 2021 IFRS for SMEs Update The IFRS for SMEs Update is a staff summary of news, events and other information about the IFRS for SMEs® Standard and related SME activities. The staff summary has not been reviewed by the International Accounting Standards Board (Board). The March 2021 IFRS for SMEs Update is now available. This edition includes: an update on the February 2021 meeting of the SME Implementation Group (SMEIG); an update on the next steps to be taken in the Second Comprehensive Review of the IFRS for SMEs Standard; an overview of the preparer outreach initiative; and a reminder about online resources. View this and all previous IFRS for SMEs Updates here.