On 15 June 2016 the IFRS Foundation announced the appointment of 11 new members to the Small and Medium-sized Entities Implementation Group (SMEIG), effective 1 July 2016.
The SMEIG is an advisory body to the Board. Its mission is to support the international adoption of the IFRS for SMEs
Standard and to monitor its implementation.
The SMEIG’s two main responsibilities are:
- to consider implementation issues raised by small and medium-sized entities (SMEs) and other interested parties and develop proposed guidance in the form of non-mandatory questions and answers (Q&As); and
- to consider issues and make recommendations to the Board on the need to amend the IFRS for SMEs Standard.
The SMEIG was set up in 2010 by the Trustees of the IFRS Foundation following a public call for nominations. On 30 June 2016, the third and final term of 10 of the 26 existing SMEIG members will come to an end. With effect from 1 July 2016, 11 new members have been appointed for a three-year term. The other 16 SMEIG members are part way through their first term.
The new appointments were made by reference to the qualifications of the individual applicants and the desire to achieve a professional and geographical balance in the SMEIG’s membership.
Membership of the SMEIG is personal; this means that members participate and vote in accordance with their own independent views, not as representatives voting in accordance with the views of their associated firm, organisation or constituency.
A current list of members and more information about the SMEIG can be found on our website here
New appointments to the SMEIG:
||Estonia||Country Managing Partner, PricewaterhouseCoopers
|Bee Leng Tan
||Malaysia||Executive Director, Malaysian Accounting Standards Board
|Carlos Manuel Llobet San Nicolás
||Venezuela||Partner, Llobet, Lugo & Asociados
|Daniel Sarmiento Pavas
||Colombia||Consejero, Consejo Técnico de la contaduría pública
|Kelly Wayne Karmazin
||United States of America||Partner, Seim Johnson LLP
|Marta Cristina Pelucio Grecco
||Brazil||Managing Partner, Praesum International Accounting
||Global||Director, Global Accountancy Profession Support, International Federation of Accountants
||Guyana||Partner, Ram & McRae
|Raymond Betserayi Chamboko
||Zimbabwe and South Africa||Director and Head of Advisory, W Technical Consulting SA
||Sweden||Accounting Expert, Swedish Accounting Standards Board
|Wayne Robert Twigg
||South Africa||Managing Member, Twigg
The 2015 Amendments to the IFRS for SMEs
and Part A of the IFRS for SMEs
2015 (Bound Volume), (the 2015 requirements), are available to eIFRS basic subscribers in Spanish and Albanian on our SME webpages
. The complete IFRS for SMEs
2015 (Bound Volume) is available in Spanish from our IFRS Shop
The following translations of the 2015 requirements are currently in progress:
- Japanese and Brazilian Portuguese translations of the IFRS for SMEs 2015 (Bound Volume);
- Bosnian translation of Part A of the IFRS for SMEs 2015; and.
- Arabic translation of the 2015 Amendments to the IFRS for SMEs.
The following translations of the 2009 IFRS for SMEs
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 not marked with an * please see our IFRS Shop
for details on how to purchase a hard copy).