The IFRS for SMEs Update is a quarterly staff summary of news, events and other information about the IFRS for SMEs Standard and related SME activities. The staff summary has not been reviewed by the International Accounting Standards Board (Board). Past issues are available here.
The Board expects to start its next comprehensive review of the IFRS for SMEs Standard in early 2019 (as reported in the October 2016 edition of IFRS for SMEs Update).
We expect the Board will begin its review with the issue of a Request for Information (RFI). The RFI will seek public feedback on possible changes to the IFRS for SMEs Standard, at a minimum, for:
We will report further details of this review in forthcoming newsletters which you can access here. You may also register for free SME alerts on the dashboard—sign in to your account and select 'Supporting materials for the IFRS for SMEs Standard' from the left-hand list of topics to follow.
The IFRS Foundation’s Education Initiative is updating the complete suite of 35 stand-alone modules designed to provide support to anyone learning about, applying or reading financial statements prepared using the IFRS for SMEs Standard. Each module covers one section of the IFRS for SMEs Standard.
Fifteen modules have been published so far. These modules are on:
* Nine modules were published during the quarter ending 30 September 2018.
Each of the modules includes:
Other modules will be published when finalised.
The following translations of the 2015 IFRS for SMEs Standard are available and have been approved by the IFRS Foundation:
Albanian, Arabic, Armenian, Bosnian, Georgian, Japanese, Kazakh, Mongolian, Portuguese and Spanish.
The following translations of the 2009 IFRS for SMEs Standard are available and have been approved by the IFRS Foundation:
Albanian, Arabic, Armenian, Bosnian, Bulgarian, Chinese (simplified), Croatian, Czech, Estonian, French, Georgian*, German*, Hebrew, Italian, Japanese, Kazakh, Khmer, Lithuanian, Macedonian, Mongolian, Polish, Portuguese, Romanian, Russian, Serbian*, Spanish, Turkish and Ukrainian.
Available for free download here (for translations marked with an * please visit the IFRS Shop for details on how to purchase a hard copy).