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Exposure Drafts [Feb 2007]


Exposure Drafts and Comment Letters


In July 2009, the International Accounting Standards Board published for public comment the Exposure Draft of its International Financial Reporting Standard for Small and Medium-sized Entities.

The aim of the proposed standard is to provide a simplified, self-contained set of accounting principles that are appropriate for smaller, non-listed companies and are based on full International Financial Reporting Standards (IFRSs), developed primarily for listed companies. By removing choices for accounting treatment, eliminating topics that are not generally relevant to SMEs and simplifying methods for recognition and measurement, the resulting draft standard reduces the volume of accounting guidance applicable to SMEs by more than 85 per cent when compared with the full set of IFRSs. As a result, the Exposure Draft offers a workable, self-contained set of accounting standards that would allow investors for the first time to compare SMEs' financial performance across international boundaries on a like for like basis.

Comments were required by 30 November 2007. The comment period is now closed. 

Due Process


Due process document Accompanying material
Exposure Draft[PDF] Basis forConclusions [PDF]
  Draft Implementation Guidance [PDF]
Proyecto de Norma [PDF] Fundamentos de las Conclusiones sobre el Proyecto de Norma [PDF]
  Proyecto de Guía de Implementación, Estados Financieros Ilustrativos y Lista de Comprobación de Información a Revelar[PDF]
Exposé-sondage[PDF] Base des conclusions sur l’exposé-sondage[PDF]
  Guide d’application [projet], Exemples d’états financiers et liste d’informations à fournir, Exposé-sondage [PDF]
Entwurf eines vorgeschlagenen IFRS für kleine und mittelgrosse Unternehmen [PDF] Grundlage für Schlussfolgerungen zum Entwurf IFRS für kleine und mittelgrosse Unternehmen[PDF]
Entwurf der Umsetzungsleitlinien IFRS für kleine und mittelgrosse Unternehmen [PDF]
Project Międzynarodowy Standard Sprawozdawczości Finansowej Dla Małych I Średnich Przedsiębiorstw [PDF] Proiect de expunere de Standardul Internaţional de Raportare Financiară pentru Întreprinderi Mici şi Mijlocii (IFRS pentru IMM) [PDF]
Baza pentru concluzii la Proiectul de Expunere IFRS pentru entităţi mici şi mijlocii [PDF]
  Proiect de Ghid de Implementare IFRS pentru entităţi mici şi mijlocii Situaţii financiare ilustrative şi liste de identificare a prezentării informaţiilor [PDF]

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