IFRS for SMEs® Update
From the IFRS Foundation®

March 2016 edition
Welcome to the IFRS for SMEs Update

The International Accounting Standards Board®'s (the Board) IFRS for SMEs Update is a staff summary of news, events and other information about the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The newsletter is issued monthly and all past issues are available in both HTML and PDF format on the Board's website.


Contact us

If you have news about IFRS for SMEs activities in your jurisdiction, questions about the content of the IFRS for SMEs or implementation issues please contact:

Darrel Scott
IASB Member and Chairman of the SME Implementation Group

Michelle Fisher
Senior Technical Manager—IFRS for SMEs

For questions about training material, conferences, and workshops please contact:
Elizabeth Buckley
Project Manager, IFRS Education Initiative

For copyright and translation issues please contact:
Karin Jones
Head of Publications and Adoption Support
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Guide to the IFRS for SMEs is updated

A revised version of the booklet A Guide to the IFRS for SMEs has been posted.

This nine-page ‘executive briefing’ provides an overview of the IFRS for SMEs in non–technical language for lenders, creditors, owner–managers, and others who use SME financial statements.

It is available to download by clicking here.

Update on selection process for membership of the SMEIG

The nomination period for applications for membership of the SME Implementation Group (SMEIG) has now closed. The Trustees of the IFRS Foundation will be considering a proposal for the revised composition of the SMEIG at their May 2016 meeting.

The January 2016 press release inviting nominations for membership of the SME Implementation Group can be accessed here.

IFRS for SMEs translations: status report

The 2015 Amendments to the IFRS for SMEs are now available to eIFRS basic subscribers in Spanish and Albanian (registration is free of charge here). A Bosnian translation of the 2015 Amendments to the IFRS for SMEs is currently in progress.

The following translations of the IFRS for SMEs 2015 (Bound Volume) are also in progress:
  • Japanese;
  • Brazilian Portuguese; and
  • Spanish

Here is the current status of the 2009 IFRS for SMEs translations that have been approved by the IFRS Foundation:

Completed: 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).

Where to obtain IFRS for SMEs materials
Disclaimer: The content of this Update does not represent the views of the IASB or the IFRS Foundation and is not an official endorsement of any of the information provided. The information published in this newsletter originates from various sources and is accurate to the best of our knowledge.
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