IASB CONSULTS ON IFRS FOR SMALL BUSINESS

摘要

The IASB is consulting on possible amendments to IFRS for SMEs, ahead of a comprehensive review in 2012. The SME Implementation Group (SMEIG) has published two draft Q&As. These cover whether an entity may choose to apply the recognition and measurement provisions of IFRS 9, Financial Instruments, and whether the recycling of cumulative exchange differences on disposal of a subsidiary is prohibited. The drafts are open for comment until 31 January 2012.