Comments invited on five draft Q&As for the IFRS for SMEs

28 September 2011


The SME Implementation Group (SMEIG) has today published five draft Question & Answers (Q&As) on the IFRS for SMEs. These draft Q&As are open for comment until 30 November 2011 and cover the following topic:

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.