IFRS® Standards

2019 Comprehensive Review of the IFRS for SMEs Standard

Summary

The Accounting Standards Board (AcSB) is monitoring the International Accounting Standards Board’s (IASB) 2019 comprehensive review of the IFRS for SMEs Standard.

Staff Contact(s)

Danielle MacLeod, CPA, CA

Principal, Accounting Standards Board

Project Status

  • Information gathering

    Completed prior to February 2019

  • Approving project

    The IASB added the project to its agenda in February 2019

    The IASB is developing a Request for Information which is expected to be issued in the first quarter of 2020

  • Consulting stakeholders

    The IASB published a Request for Information in January 2020

    Stakeholders are encouraged to respond by July 27, 2020

  • Deliberating feedback
  • Final pronouncement

News


February 10, 2020

News

IASB Request for Information – 2019 Comprehensive Review of the IFRS for SMEs Standard

The IASB has published a Request for Information to seek views on whether and how to align the IFRS for SMEs Standard with the full IFRS Standards. Stakeholders are encouraged to respond by July 27, 2020.

Meeting & event summaries


Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.