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IFRS for SMEs

The IFRS for SMEs is a standalone document intended for use by small and medium-sized entities. It is considerably shorter than the full IFRS standards and reflects a number of simplifications from full IFRS.

IFRS for SMEs: The basics

This factsheet introduces the key accounting provisions of the IFRS for SMEs and considers which entities are eligible to use the standard.

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Registration is required to access the free version of the Issued Standards, which do not include additional documents that accompany the full standard (such as illustrative examples, implementation guidance and basis for conclusions).

Summary and timeline

Looking for the synopsis? Our IFRS for SMEs summary and timeline features information on current proposals and a timeline of IASB updates.

ICAEW factsheets and guides

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