December 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 (IASB). The December 2021 IFRS for SMEs Update is now available. This edition includes: an update on the planned 2022 meetings of the SME Implementation Group (SMEIG); a reminder of online resources for SMEs; and a note from Ayodele Ojo, a member of the SMEIG. View this and all previous IFRS for SMEs Updates here.