FEE welcomes the publication today by the global standard setter, the IASB, of its new standard on accounting for SMEs. FEE wishes to contribute to the debate on the role IFRS for SMEs can play in Europe.
The International Accounting Standards Board (IASB) has today published its long expected standard for Small and Medium-sized Entities (SMEs), IFRS for SMEs. This standard intends to meet user needs while balancing costs and benefits from a preparer perspective. The IASB has developed this standard in a response to simplify full IFRSs for use by non-listed entities in response to requests they received.
