Welcome to the IFRS for SMEs Update

The IASB's IFRS for SMEs Update is a staff summary of news relating to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). All issues of the IFRS for SMEs Update are available in both HTML and PDF format on the IASB's website. To subscribe use the link on the right.


Content

• IASB completes its redeliberations on the proposed amendments to the IFRS for SMEs
• Upcoming ‘train the trainers’ workshop
• IFRS for SMEs translations: status report
• Where to obtain IFRS for SMEs materials

Last month the IASB finalised its technical discussions on the proposed amendments to the IFRS for SMEs resulting from the initial comprehensive review of the IFRS for SMEs (see news story in the November edition of the IFRS for SMEs Update)

At its December 2014 meeting the IASB instructed the staff to commence the balloting process for the final amendments to the IFRS for SMEs. The amendments to the IFRS for SMEs are expected to be issued in the first half of 2015.

To access the Agenda Papers and a recording of the December 2014 meeting, please click here.

For more details, click here.

The Middle East and North Africa
Date: 12 February 2015
Location: Abu Dhabi, UAE
Instructors: Michael Wells (Director, IFRS Education Initiative, IASB)
Language: English
Sponsoring organisations: The International Arab Society of Certified Accountants (IASCA) in co-operation with UAE Accountants & Auditors Association

Here is the current status of the IFRS for SMEs translations that have been approved by the IFRS Foundation:

Completed: Albanian*, Arabic, Armenian*, Bosnian*, Bulgarian*, Chinese (simplified)*, Croatian*, Czech*, Estonian*, French*, Georgian, German, Hebrew*, Italian*, Japanese*, Kazakh*, Khmer*, Lithuanian*, Macedonian*, Mongolian*, Polish*, Portuguese*, Romanian*, Russian*, Serbian, Spanish*, Turkish* and Ukrainian*.

In progress: Azeri and Turkmen.

*Available for free download here (for translations not marked with an * please see our webshop for details on how to purchase a hard copy).

• The Standard online (available in multiple languages)
• The Standard in hard copy
• Information about the SME Implementation Group (SMEIG)
• Information about the comprehensive review of the IFRS for SMEs
• Information about guidance for micro-sized entities applying the IFRS for SMEs
• The Exposure Draft of proposed amendments to the IFRS for SMEs
• Q & As
• 'Train the trainers' workshops and presentation slides
• Training materials in PDF format
• IASB and staff presentations about the IFRS for SMEs
• Past copies of the IFRS for SMEs Update

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