audit Participant 
of PRAXITY,  AISBL,
a Global Alliance
of Independent Firms
    ua  ru     Home Search Site map Send a message

27.08.2012: EFRAG draft comment letter on IASB Request for Information: Comprehensive Review of the IFRS for SMEs

EFRAG has issued its draft comment letter on the IASB Request for Information: Comprehensive Review of the IFRS for SMEs. The letter can be downloaded here. Comments on the letter are invited by 12 November 2012.

When discussing the questions included in the Request for Information (the RFI), EFRAG was split on two fundamental issues.

Firstly, EFRAG TEG members were split on the weight that different factors (such as stability, changes in user’s needs and alignment with full IFRS) should have when amending the IFRS for SMEs. These split views resulted in different opinions on when changes to full IFRS should be reflected in the IFRS for SMEs.

Secondly, EFRAG TEG members had different views on including options in the IFRS for SMEs that would allow entities to apply accounting policies that would result in more similar outcomes to full IFRS.

Because of these split views, EFRAG’s draft comment letter includes many questions to constituents.

 

Source: European Financial Reporting Advisory Group

Also in the news
[23.12.2024]
Season's greeting from Kyiv Audit Group!

[28.04.2023]
Kyiv Audit Group prepared The Transparency Report for 2022

[07.07.2022]
Praxity Global Alliance Awarded Highly Commended for Association of the Year 2022

[29.04.2022]
Kyiv Audit Group prepared The Transparency Report for 2021

[23.12.2021]
Season's greeting from Kyiv Audit Group!

[11.11.2021]
It's a hat-trick! Praxity Global Alliance has regained its crown as the Association of the Year and gets triple award

[17.09.2021]
Kyiv Audit Group awarded Leader of the Branch 2021

[16.07.2021]
Happy Accountant's and Auditor's Day

[12.05.2021]
Happy Birthday - Kyiv Audit Group - 25th Anniversary

[21.04.2021]
Kyiv Audit Group prepared The Transparency Report for 2020