Comprehensive review of the IFRS for Small and Medium-Sized Entities (IFRS for SMEs)

Lead / Co-Lead

Hong Kong

Working Group members

Australia, Brunei, China, India, Iraq, Korea, Malaysia, Pakistan, Thailand, Uzbekistan

Project description

The AOSSG Working Group on the IFRS for SMEs aims to:

  • monitor the ongoing work of the IASB in revising the IFRS for SMEs
  • facilitate the AOSSG’s contribution to the IASB’s consultations in relation to revising the IFRS for SMEs, including providing ideas for improvement
  • facilitate bringing issues of interest to AOSSG members to the IASB’s attention, including informing the IASB about the manner in which the IFRS for SMEs is being used in AOSSG jurisdictions, and highlighting practical issues and any barriers to its use in AOSSG jurisdictions.

In meeting these aims, the Working Group conducts research and liaises with relevant constituents in the Asia-Oceania region.


TitleIssue Date
Comprehensive Review of the IFRS for SMEs September 28-29, 2012

Submissions to IASB

TitleIssue date
Revised comments on IASB ED/2013/9 IFRS for SMEs: Proposed amendments to the International Financial Reporting Standard for Small and Medium-sized Entities that supersedes an earlier version dated 25 March 2014 September 9, 2014
Comments on IASB Request for Information Comprehensive Review of the IFRS for SMEs December 11, 2012