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    Thursday 23 May 2019

    IASB Update February 2019 - IFRS for SMEs Standard —review and update (Agenda Paper 30)

    By IASB - February 2019 

    The Board met on 7 February 2019 to discuss the 2019 comprehensive review of the IFRS for SMEs Standard.

    Agenda Paper 30A, which was provided to the Board for information only, described the development of the IFRS for SMEs Standard, including the Board’s initial comprehensive review completed in 2015.

    Project plan for the 2019 comprehensive review of the IFRS for SMEs Standard (Agenda Paper 30)
    The Board established the proposed project timeline for the 2019 comprehensive review of the IFRS for SMEs Standard.

    All 14 Board members agreed with this decision.

    The Board tentatively decided that the Request for Information should specifically request views on whether and, if so, how the IFRS for SMEs Standard should be updated to take account of full IFRS Standards and amendments not currently incorporated into the IFRS for SMEs Standard.

    All 14 Board members agreed with this decision.

    The Board also decided which topics to discuss at future Board meetings.

    All 14 Board members agreed with this decision.

    Next step
    In March 2019 the Board plans to discuss the scope of the IFRS for SMEs Standard, and its relationship with full IFRS Standards.

    For further information, please contact :

    Mohammed Yaqoob
    Global Office
    E:
    myaqoob@nexia.com

     View IFRS: IASB Update February 2019 here.

    The Board met on 7 February 2019 to discuss the 2019 comprehensive review of the IFRS for SMEs Standard.
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