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24 February 2011

IASB: SME Implementation Group expects public comments on its draft guidance


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Die KMU Implementationsgruppe zur Unterstützung des IASB zu Fragen im Zusammenhang mit der Umsetzung der IFRS für KMU, veröffentlichte ein Konsultationsdokument zu ihrem ersten Leitlinienentwurf zu IFRS für KMUs in Form eines Frage- und Antwortdokuments.


Developing non-mandatory and timely guidance on specific accounting questions that are being raised by those implementing the IFRS for SMEs is one of the two main responsibilities of the SME Implementation Group. The other is to make recommendations to the IASB regarding amendments to the IFRS for SMEs. These recommendations will be considered when the IFRS for SMEs is updated, approximately every three years.

The Q&A addresses whether a parent entity that itself does not have public accountability may present its separate financial statements in accordance with the IFRS for SMEs if it is part of a group that is required (or elects) to present consolidated financial statements in accordance with full IFRSs.

Press release

© IASB - International Accounting Standards Board

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