Project history

2009: 

• July 2009: IFRS for SMEs published
• March 2008 to February 2009: Redeliberation of proposals in the ED

2007:

• November 2007: Deadline for comments on the ED and completion of the field tests. 161 letters of comment were received, and 116 SMEs from 20 countries participated in the field tests.
• June 2007: IASB launched a comprehensive programme for field testing the proposals in the Exposure Draft
• February 2007: Exposure Draft of an IFRS for SMEs issued for public comment

January 2006:

• The Working Group reviewed a complete draft of the ED and made over 80 recommendations. About 75% of those were implemented in the published ED

2005:

• October 2005: Public round-table meetings on possible recognition and measurement simplifications (13-14 October 2005)
• April 2005: Staff Questionnaire on Possible Recognition and Measurement Modifications for Small and Medium-sized Entities (SMEs)

June 2004:

• Discussion Paper, Preliminary Views on Accounting Standards for Small and Medium-sized Entities

September 2003:

• Survey of World Accounting Standard-setters

Discussed by the Board at 44 public Board meetings.

Discussed by SAC at 7 SAC meetings.