On 21 May the International Accounting Standards Board (IASB) issued limited amendments to the
IFRS for SMEs. The document containing the amendments only included those paragraphs/subparagraphs of the
IFRS for SMEs that have been updated by the amendments. The IFRS Foundation expects to issue the complete revised 2015 edition of the
IFRS for SMEs (a version with all the amendments incorporated that has also been subject to a full editorial review) next month.
Useful Links:
- 2015 Amendments to the IFRS for SMEs can be found here.
- the Project Summary and Feedback Statement can be found here.
- background information on the comprehensive review can be found here.
Kati Beiersdorf, a member of the SME Implementation Group (SMEIG) who hails from Germany, will be retiring from the SMEIG with effect from 1 September 2015 in order to take up an appointment as a member of the German Financial Reporting Enforcement Panel. Kati has been a member of the SMEIG since 2011.
While we are very sorry to lose Kati, we congratulate her on her new role and sincerely thank her for the time and effort she has dedicated to the SMEIG and ensuring the success of the
IFRS for SMEs.
For more information about the SMEIG, please click
here.
For more details, click
here.
Eastern Europe
Date: 16 to 18 September 2015
Location: Pristina, Kosovo
Instructors: Darrel Scott (IASB member and Chairman of the IASB’s SME Implementation Group) and Michael Wells (Director, IFRS Education Initiative, IASB)
Language: English
Sponsoring organisations: Society of Certified Accountants and Auditors of Kosovo (SCAAK)
Asia
Date: 13 October 2015
Location: Hong Kong
Instructors include: Darrel Scott, Fanny Hsiang (Director, Head of Technical & Training Department, BDO and member of the IASB’s SME Implementation Group) and Michael Wells
Language: English
Sponsoring organisations: Hong Kong Institute of Certified Public Accountants (HKICPA)
A Spanish version of the 2015
Amendments to the IFRS for SMEs is currently being developed.
Here is the current status of the 2009
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).
