IFRS for SMEs

A collection of resources on the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) from the ICAEW Library & Information Service.

Full-text standard

The International Accounting Standards Board (IASB) provides free access to the full text of the IFRS for SMEs along with the basis for conclusions, illustrative financial statements presentation and disclosure checklist (you will need to register to gain access).

Reading list

Reading list of articles and books on IFRS for SMEs

To find out about how you can access the material in this reading list please see our book loans and document supply (by post, fax and e-mail) pages.

Links

Press releases and summaries

IASB publishes IFRS for SMEs – press release issued by the IASB on 9 July 2009 announcing the publication of IFRS for SMEs. It was accompanied by a six-page IFRS for SMEs Fact Sheet.

IFRS for SMEs – summary and history of the development of the IFRS for SMEs from IAS Plus (Deloitte).

Articles and publications

Talking SMEs – bulletin (PDF 667KB/8 pages) from Ernst & Young, published November 2009, that introduces the standard and discusses factors for entities to consider if they wish to adopt it.

A Guide Through IFRS for Small and Medium-Sized Entities (SMEs) – guide published by RSM International in October 2009 and made available through their service literature page.

IFRS for SMEs – Illustrative consolidated financial statements 2010 -an example set of financial statements from PwC prepared under IFRS for SMEs illustrating the required disclosure and presentation. Published by PwC in September 2009.

A comparison of IFRS for SMEs and ‘full IFRS’ – guide from PwC published in September 2009 which ‘focuses on a selection of those differences most commonly found in practice’.

Tax accounting implications of the new IFRS standard for small and medium-sized entities (SMEs) – tax alert published by Ernst & Young in August 2009 on its Global IFRS services website.

IFRS for small and medium-sized entities: Pocket guide 2009 – guide from PwC which provides a summary of the recognition and measurement requirements in the IFRS for SMEs. PwC has published a series of guides on IFRS for SMEs which are available from CCH.

IFRS Briefing Sheet: IFRS for Small and Medium-sized Entities a 16-page briefing (Issue 144) published by KPMG on 22 July 2009.

ASB seeks views on proposals for the future reporting requirements for UK and Irish entities – ASB press release (PN 346) issued on 11 August 2009 with details of a proposal to implement IFRS for SMEs in the place of existing UK Financial Reporting Standards. The consultation paper Policy Proposal: the future of UK GAAP is available to download from the ASB website.

Choosing your GAAP – Planning for the proposed removal of UK GAAP – guide published by Deloitte on 31 July 2009 which looks at the planned changes and the options available to UK companies.

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