The IFRS for SMEs Accounting Standard Update is a staff summary of news, events and other information about the IFRS for SMEs® Accounting Standard and related SME activities. The staff summary has not been reviewed by the International Accounting Standards Board (IASB).
This edition of the IFRS for SMEs Accounting Standard Update includes:
- the issuance of the third edition of the IFRS for SMEs Accounting Standard;
- resources to support implementation of the Standard; and
- instructions for submitting implementation issues.
Issuance of the third edition of the IFRS for SMEs Accounting Standard
The IASB issued the third edition of the IFRS for SMEs Accounting Standard on 27 February 2025. The third edition is accompanied by the Basis for Conclusions and Illustrative Financial Statements. The IASB also published a Project Summary and Feedback Statement and Effects Analysis.
In addition to PDFs of the Standard documents, users can also access the HTML of the third edition of the Standard and its Basis for Conclusions from the IFRS for SMEs Accounting Standards Navigator.
