The SME Implementation Group (SMEIG) has been asked to develop a report of recommendations for the International Accounting Standards Board (IASB) on the proposals in ED/2013/9 Proposed amendments to the IFRS for SMEs (the ‘ED’).
SMEIG members will consider the feedback from respondents to the ED and send their responses to the IASB staff by Monday 8 September. The staff will use individual SMEIG member responses to develop the first draft of a report containing a combined response by the SMEIG. Once the final report of recommendation has been approved by SMEIG members it will be posted online and provided to the IASB before the IASB begins its redeliberations of the proposals in the ED.
More information about the SMEIG is available on the SMEIG pages.