SME Implementation Group

The SME Implementation Group (SMEIG) is established by the IFRS Foundation Trustees in 2010 as an advisory body to the International Accounting Standards Board (IASB) and it has two main responsibilities:

a) to consider questions on the implementation and application of the IFRS for SMEs® Accounting Standard, decide which questions merit published educational material based on the set criteria and develop Q&As, which are educational materials, that are publicly available on a timely basis. 

b) to consider the need to amend the IFRS for SMEs Accounting Standard and make recommendations to the IASB on: 

    (i) issues on the implementation and application of the IFRS for SMEs Accounting Standard that cannot be addressed by Q&As; and

    (ii) new and amended IFRS Standards that have been approved since the IFRS for SMEs Accounting Standard was issued or last amended.

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The SMEIG meetings attended by MASB representative are as follows:

• 2026 February 5 (held online)

• 2024 September 3 (held online)

• 2023 July 13 (IFRS Foundation Office, London)

• 2022 October 13 (Hybrid—Virtual and IFRS Foundation Office, London)

• 2022 January 21 (held online)

• 2021 September 9 (held online)

• 2021 February 4 – 5 (held online)