1-3-2010 | EFRAG's draft advice on compatibility of the IFRS for SMEs and the EU Accounting Directives

EFRAG has issued its draft advice on compatibility of the IFRS for SMEs and the EU Accounting Directives. Comments are invited on the advice by 19 April 2010.
	In November 2009, the European Commission asked EFRAG to provide it with advice detailing on exactly which points the IFRS for SMEs (International Financial Reporting Standard for Small and Medium-sized Entities) is incompatible with the EU Accounting Directives (78/660/EC and 83/349/EEC). EFRAG's draft advice can be downloaded here. Comments are invited on the advice by 19 April 2010. In order to stimulate the discussion, EFRAG has decided also to make its working paper, comparing each paragraph of the IFRS for SMEs with the requirements of the EU Accounting Directives, available.  The working paper can be downloaded here.
Document : Draft compatibility analysis letter.pdf
Linked Project : click here