IFRS for SMEs: ACCA's field testing results

ACCA, September 2009. The International Financial Reporting Standard (IFRS) for Small and Medium Sized-Entities (SMEs) was published as an exposure draft by the IASB in February 2007, and was designed for companies with no public accountability. This brief report summarises the review of field testing results carried out by ACCA in UK in early 2008.