Nominations sought for membership of the IFRS for SMEs Implementation Group
18 March 2010
The Trustees of the International Accounting Standards Committee Foundation invite nominations of suitable candidates for membership of the SME Implementation Group (SMEIG).
The mission of the SMEIG is to support the international adoption of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) and to monitor its implementation.
The SMEIG will have two principal responsibilities:
(a) to develop non-mandatory guidance for implementing the IFRS for SMEs in the form of questions and answers (Q&As) that will be made publicly available to interested parties on a timely basis, and
(b) to make recommendations to the International Accounting Standards Board (IASB) if and when needed regarding the need to amend the IFRS for SMEs.
The Terms of Reference and Operating Procedures for the SMEIG were approved by the Trustees at their meeting in January 2010 and are available on the website www.iasb.org/IFRS+for+SMEs/SME+Implementation+Group. The SMEIG will be chaired by Paul Pacter, the IASB’s Director of Standards for SMEs. All members of the SMEIG will serve on a voluntary basis. The SMEIG may also include appointed observers who have the right to participate in SMEIG deliberations, but not to vote.
Nominations and applications are invited by 30 April 2010. For further details and membership specifications, see http://go.iasb.org/SMEIG.
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Email: mbyatt@iasb.org
- Sonja Horn, Communications Adviser, IASB
Telephone: +44 (0)20 7246 6463
Email: shorn@iasb.org