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Tuesday 29 July 2014

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The SME Implementation Group (SMEIG) regularly considers implementation questions raised by users of the IFRS for SMEs. In response to these questions it develops implementation guidance for those areas and topics deemed appropriate by the group. This guidance is published in the form of questions and answers (Q&As) that are made publicly available to interested parties on a timely basis.

For more information about the criteria (see paragraphs 15-17) and the due process steps for issuing a Q&A (see paragraphs 18-36), see the Terms of Reference of the SMEIG.

Draft Q&As can be accessed here.


Ref No Final Q & A Date published
2012/04 Recycling of cumulative exchange differences on disposal of a subsidiary 27 April 2012    
2012/03 Fallback to IFRS 9 Financial Instruments 27 April 2012
2012/02 Jurisdiction requires fallback to full IFRSs 10 April 2012
2012/01 Application of ‘undue cost or effort’ 10 April 2012
2011/03 Interpretation of ‘traded in a public market’ 7 December 2011
2011/02 Entities that typically have public accountability 7 December 2011
2011/01 Use of IFRS for SMEs in a parent’s separate financial statements 23 June 2011


Related information

Available translations

Contact us

Darrel Scott 
Board Member, Chairman of the SME Implementation Group 
email: dscott@ifrs.org


Michelle Fisher
Senior Technical Manager, IFRS for SMEs
email: mfisher@ifrs.org