IFRS for SMEs Update
From the IFRS Foundation

Issue 2014-03, March 2014
 
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



Contact us

If you have news about IFRS for SMEs activities in your jurisdiction please contact Darrel Scott and Michelle Fisher (details below)

Content of the IFRS for SMEs, implementation and adoption issues:

Darrel Scott
IASB Board Member and Chairman of SME Implementation Group
dscott@ifrs.org

Michelle Fisher
Senior Technical Manager—IFRS for SMEs
mfisher@ifrs.org

Training material, conferences, and workshops:
Michael Wells
Director, IFRS Education Initiative
mwells@ifrs.org

Copyright and translation issues:
Nicole Johnson
Content Services Principal
njohnson@ifrs.org
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Closure of comment period on proposed amendments to the
IFRS for SMEs

The comment period for responses to the IASB Exposure Draft, ED/2013/9, Proposed amendments to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) has now closed. To view the Exposure Draft and the comment letters received click here.

More information on the comprehensive review is available on the SME webpages of the IASB website (www.ifrs.org).


Update on selection process of membership of the
SME Implementation Group

The nomination period for applications for membership of the SME Implementation Group has now closed. The Trustees of the IFRS Foundation will be considering a proposal for the revised composition of the SME Implementation Group at their April 2014 meeting.

The January 2014 press release inviting nominations for membership of the SME Implementation Group can be accessed here


Upcoming ‘train the trainers’ workshops

For more details, click here

Eurasia
Date: 10–12 June 2014
Location: Yerevan, Armenia
Instructors: Michael Wells (Director, IFRS Education Initiative, IASB) and Guillermo Braunbeck (Project Manager, IFRS Education Initiative, IASB)
Language: English
Sponsoring organisations: World Bank’s Centre for Financial Reporting Reform (CFRR)—part of the Strengthening Auditing and Reporting in the Countries of the Eastern Partnership (STAREP) program.

Asia
Date: 30 June-1 July 2014
Location: Kuala Lumpur, Malaysia
Instructors: Darrel Scott (Chairman SME Implementation Group and IASB member) and Michael Wells (Director, IFRS Education Initiative, IASB)
Language: English
Sponsoring organisations: Malaysian Accounting Standards Board (MASB) and the Malaysian Institute of Accountants (MIA).


IFRS for SMEs translations: status report

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*, German, Hebrew*, Italian*, Japanese*, Kazakh*, Khmer*, Lithuanian*, Macedonian*, Mongolian*, Polish*, Portuguese*, Romanian*, Russian*, Serbian, Spanish*, Turkish* and Ukrainian*.

In progress: Azeri, Georgian, 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).



Where to obtain IFRS for SMEs materials
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Disclaimer: The content of this Update does not represent the views of the IASB or the IFRS Foundation and is not an official endorsement of any of the information provided. The information published in this newsletter originates from various sources and is accurate to the best of our knowledge.
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