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International Financial Reporting Standards for SMEs Exposure Draft
The aim of the proposed standard is to provide a simplified set of accounting principles that are appropriate for smaller, non-listed companies. The Draft is based on full International Financial Reporting Standards (IFRSs), developed primarily for listed companies.
EFAA position papers and comment letters EFAA Introductory letter to comments on ED IFRS for SMEs EFAA detailed answer on IFRS for SMEs EDEU and other related documents EFAA response to EC Consultation IFRS for SMES
IASB's IFRS for SMEs documents
IFRS for SMEs ED
IFRS for SMEs Basis for conclusions
IFRS for SMEs Implementation guidance
EFRAG
EFRAG comments
European commission statements
"The present simplification project for SMEs coincides with the publication of the International Accounting Standards Board (IASB) Exposure draft of a proposed IFRS for Small and Medium-sized Entities. After a first analysis, the Commission, however, does not believe that the current IASB work on SME accounting would provide sufficient elements to simplify the life of European SMEs."
Source: COM(2007)394
Field testing
Field testing questionaire
Field testing Compliance checking list
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