IASB launches consultation on supplementary proposals to update IFRS for SMEs Accounting Standard
IASB launches consultation on supplementary proposals to update IFRS for SMEs Accounting Standard
The IASB has published the Addendum to the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard. The Addendum supplements the exposure draft published in September 2022. It is issued in response to feedback from users of SMEs’ financial statements and from the SME Implementation Group, who suggested that the amendments made to full IFRS Accounting Standards relating to lack of exchangeability between two currencies and disclosure requirements for supplier finance arrangements are relevant to SMEs and should be included in the third edition of the Standard.
The proposals in the Addendum are open for comment until 31 July 2024 and may be accessed here.
The proposals in the Addendum are open for comment until 31 July 2024 and may be accessed here.