|
Description :
|
The IFRS Foundation’s SME Implementation Group, which assists the IASB in supporting the implementation of the IFRS for SMEs, published on 28 September 2011 the draft Q&A Jurisdiction requires fallback to full IFRSs.
The draft Q&A considers whether an entity that is required to apply (full)
IFRSs as a fallback every time a particular transaction, other event or condition are not specifically covered by the IFRS for SMEs, complies with the IFRS for SMEs. The Q&A states that the entity would comply with the IFRS for SMEs when the IFRS for SMEs does not contain specific guidance.
On 4 October 2011 EFRAG issued its draft comment letter in response to the draft Q&A.
|
|
|
|
|
|
|
Working groups :
|
EFRAG Technical Expert Group (EFRAG TEG) -
SME Working Group (SME WG) -
|
|
|
Current Project Status :
|
Draft Comment Letter
|
|
|
|
Efrag Output
Comment Letters
Other Input
No 'Other Input'
News Items
|
