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- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
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High-quality business reporting is at the heart of strong and sustainable organizations, financial markets, and economies. It allows organizations to present a cohesive explanation of their business and helps them engage with internal and external stakeholders, including customers, employees, shareholders, creditors, and regulators, while also promoting better internal decision making. Professional accountants are integral to all phases of organizational reporting. Read More
You are now viewing all "IFRS for SMEs" resources. View All Business Reporting Resources
The updated guide is designed to provide a briefing of the IFRS for SMEs for lenders, creditors, and other interested parties.
This guide provides assistance to not-for-profit entities that may wish to prepare reports on the basis of the International Financial Reporting Standard for small and medium-sized enterprises.
Analysing the Final Amendments to the IFRS for SMEs
August 27, 2015 - Wiley Insight
Discusses the final modifications (including worked examples) that will have a significant impact on the entities that prepare their financial statements according to the IFRS for SMEs.
The IFRS Foundation has published the 2015 edition of IFRS as Global Standards: a Pocket Guide. The guide provides a summary of the use of International Financial Reporting Standards (IFRS) in 138 countries around the world, representing over 97 per cent of the world’s GDP.
Countries’ Adoption of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs)–Early Empirical Evidence
December 3, 2014 - Taylor & Francis Online
The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) is increasingly being adopted in a number of jurisdictions. Despite the economic importance of non-publicly accountable entities, little is known about what factors influence countries' decisions to adopt IFRS for SMEs. In a unique sample of 128 countries, they find that countries that are not capable of developing their own local generally accepted accounting principles are more likely to adopt IFRS for SMEs. Overall, the results are helpful in understanding the worldwide diffusion of IFRS for SMEs. Standard setters and regulators might consider the study in the future development of accounting harmonisation of non-publicly accountable entities.
35 stand-alone training modules—one for each section of the International Financial Reporting Standard (IFRS) for Small and Medium-sized Entities (SMEs).
The IFRS Foundation Education Initiative is developing a series of comprehensive Framework-based IFRS and IFRS for SMEs teaching materials to assist IFRS teachers to educate IFRS learners more effectively.
- Accounting Choices Blur Profit Picture
June 28, 2016 - Wall Street Journal
- FASB Proposes Amending Consolidation Guidance
June 27, 2016 - Journal of Accountancy
- The Drive for Disclosure: What Matters and What Doesn’t
June 24, 2016 - Environmental Leader
- US FASB Issues New Guidance on Accounting for Credit Losses
June 17, 2016 - FASB
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