On 30 June 2014, the second term of the 22 existing members of the Small and Medium-sized Entities Implementation Group (SMEIG) comes to an end. The existing members were appointed in 2010 by the Trustees of the IFRS Foundation following a public call for nominations. Consequently, 30 June 2014 signifies the end of an era: a collective two-term period under which these inaugural members of the SMEIG have advised and contributed to the development of the IFRS for SMEs
and its implementation across the world.
Last month the IFRS Foundation announced the reappointment of 11 of those existing members for continuity and the appointment of 15 new members effective 1 July 2014. The first task of the restructured SMEIG will be to consider the public responses received on the October 2013 Exposure Draft of proposed amendments to the IFRS for SMEs
and provide their recommendations to the IASB. You can find the press release and a list of the 26 members of the SMEIG effective from 1 July 2014 here
At that time the IFRS Foundation stated that it may appoint up to four more members if suitable candidates were identified at a later date. Since then one additional member has been appointed (see news story below).
The staff at the IFRS Foundation would like to thank the 11 retiring members of the SMEIG for their significant time and effort during the last four years, and their valuable input to the SMEIG.
More information about the SMEIG can be accessed here
IFRS Foundation appoints one more member of the SMEIG
During June 2014 the IFRS Foundation held a two-day workshop in Yerevan, Armenia, to train the trainers on the IFRS for SMEs
. The IFRS Foundation instructors were Michael Wells (Director, IFRS Education Initiative, IASB) and Guillermo Braunbeck (Project Manager, IFRS Education Initiative, IASB). The event was sponsored by the World Bank’s Centre for Financial Reporting Reform (CFRR) as part of the Strengthening Auditing and Reporting in the Countries of the Eastern Partnership (STAREP) project. The 30 or so participants all came from Armenia.
More information about past workshops, including free downloads of the Microsoft PowerPoint® slides used in the workshops, can be found here
Upcoming ‘train the trainers’ workshops
For more details, click here
30 June-1 July 2014
Kuala Lumpur, Malaysia
Darrel Scott (Chairman SME Implementation Group and IASB member) and Michael Wells (Director, IFRS Education Initiative, IASB)
Malaysian Accounting Standards Board (MASB) and the Malaysian Institute of Accountants (MIA).
IFRS for SMEs translations: status report
The Georgian translation of the IFRS for SMEs
is now available via our webshop
Here is the current status of the IFRS for SMEs
translations that have been approved by the IFRS Foundation.
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*.
: 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).