Introduction

Background

The International Accounting Standards Board (Board) is carrying out a comprehensive review to determine whether and how to align the IFRS for SMEs® Standard with full IFRS Standards. To gather views on its approach to this review, the Board published Request for Information: Comprehensive Review of the IFRS for SMEs® Standard accompanied by a Snapshot in January 2020.

Invitation to comment

The Board aims to get a balanced view from a broad range of stakeholders’ views. This survey forms part of the Board’s outreach activities. The survey is expected to provide valuable insight and will help the Board determine whether and how to amend the IFRS for SMEs Standard.

By submitting personal information and opinions in this survey you accept that the IFRS Foundation may use such data for activities relating to the review and possible amendment of the IFRS for SMEs Standard. Data provided will be used internally by the IFRS Foundation, and some data will be published in Board papers and discussed at public Board meetings. Where published in Board papers or discussed at Board meetings any personal data will be aggregated and anonymised; quotes may be published from responses but without name or organisation. Responses submitted will be retained by the IFRS Foundation as part of its project record. The IFRS Foundation may use your email address to contact you about your response.
The survey

The survey is arranged in the same order as the Request for Information and has four sections:

About you contains questions about you and your organisation.
Part A contains questions on the framework the Board developed for the review.
Part B contains questions on sections of the IFRS for SMEs Standard that could be aligned with IFRS Standards, amendments to IFRS Standards and IFRIC Interpretations in the scope of this review.
Part C contains questions on topics that are not addressed in the IFRS for SMEs Standard and on whether, in relation to these topics, the Standard could be aligned with full IFRS Standards. This part also contains questions on other topics about which the Board has received feedback.

Answering the survey

The Board invites comments on the questions in Part A, Part B and Part C of the survey.  In responding, you:
  • are required to complete the About you section. All mandatory questions in this section are marked with an asterisk.
  • can choose whether to answer Part A, Part B or Part C.
  • need not answer or comment on all the questions in Part A, Part B or Part C. You have the option to skip to the next section (where necessary) within each part.
 
3% of survey complete.

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