November 2022 IFRS for SMEs Accounting Standard Update – User Feedback available

In January 2020, the IASB published a request for information (RFI) as part of the second comprehensive review of the IFRS for SMEs Accounting Standard.

The IASB also conducted discussions with SME’s investors, lenders and creditors. These discussions, together with comments letters responding to the RFI, helped the IASB develop its proposals in the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard.

The IASB has now published IFRS for SMEs Accounting Standard Update – User Feedback that explains how the IASB has responded to feedback from users of SMEs’ financial statements and describes the proposals the IASB published in the Exposure Draft.

The Update may be accessed here.