From time to time the SME Implementation Group (SMEIG) may develop non-mandatory guidance to address implementation issues on the IFRS for SMEs Standard. This non-mandatory guidance is published in the form of questions and answers (Q&As) that are made publicly available to interested parties on a timely basis.
All Q&As issued prior to the issue of the 2015 amendments to the IFRS for SMEs Standard were either incorporated in the IFRS for SMEs Standard as a result of those amendments and/or included in our education materials. These Q&As maybe be obtained by contacting us but it is important to note they may not be fully consistent with the new requirements because they were based on the 2009 version of the IFRS for SMEs Standard.
Draft Q&As are published for public comment typically for a period of two months. After the comment period has ended, the SMEIG considers the comments received and may issue final Q&As for Board approval.
Draft Q&As will be available from the project pages.