Invitation for nominations for membership of the SME Implementation Group

The Trustees of the IFRS Foundation (Trustees) invite applications and nominations of candidates for membership of the SME Implementation Group (SMEIG).

About the SMEIG

The mission of the SMEIG is to support the international adoption, implementation and application of the IFRS for SMEs^® Accounting Standard.

The Trustees have charged the SMEIG with two main responsibilities:

1. to consider questions on the implementation and application of the IFRS for SMEs Accounting Standard, decide which questions merit published educational material based on set criteria and develop Q&As, which are educational materials, that are publicly available on a timely basis; and
2. to consider the need to amend the IFRS for SMEs Accounting Standard and make recommendations to the International Accounting Standards Board (IASB) on:
   1. issues on the implementation and application of the IFRS for SMEs Accounting Standard that cannot be addressed by Q&As; and
   2. new and amended IFRS Accounting Standards that have been approved since the IFRS for SMEs Accounting Standard was issued or last amended.

The SMEIG has at least 12 and not more than 30 members and is chaired by IASB Member Jianqiao Lu. The SMEIG also includes appointed observers who have the right to participate in the SMEIG deliberations but cannot vote.

All SMEIG members serve on a voluntary, unpaid basis.

Additional information about the SMEIG is available in the Terms of Reference and Operating Procedures for the SMEIG.

Criteria for membership

SMEIG members are selected for their knowledge of and experience in financial reporting by small and medium-sized entities and, preferably, their knowledge of and direct experience with the IFRS for SMEs Accounting Standard.

Candidates must be proficient in spoken and written English.

The Trustees seek to build a diverse and gender-balanced group and invite applications and nominations from all geographical regions. Given the current composition of the SMEIG and its upcoming vacancies, the Trustees are particularly interested in investors and providers of finance to small and medium-sized entities.

How to apply

Applications and nominations must explain the candidate’s knowledge of and experience with financial reporting by small and medium-sized entities and may include any relevant supporting information. Applications and nominations should be submitted in English and will be considered if they are received at sme@ifrs.org by 6 April 2023.