Faculty of Economics and Business Administration Publications Database

Problems and Opportunities of an International Financial Reporting Standard for Small and Medium-sized Entities. The EAA FRSC’s Comment on the IASB’s Discussion Paper,

Evans, Lisa
Hoogendoorn, Martin
Marton, Jan
di Pietra, Roberto
Araceli, Mora
Thinggaard, Frank
Vehmanen, Petri
Wagenhofer, Alfred
Volume: 2
Number: 1
Pages: 23 - 45
Link External Source: Online Version
Year: 2005
Abstract: In June 2004 the IASB issued the Discussion Paper ‘Preliminary Views on Accounting Standards for Small and Medium-Sized Entities’. This invited comments on the central question of whether the IASB should develop separate standards for small and medium-sized enterprises (SMEs), and on further issues and questions arising from this. This paper briefly introduces the background to the publication of the Discussion Paper. This is followed by a review of prior literature on SME financial reporting implications, prepared by the European Accounting Association''s Financial Reporting Standards Committee as the basis of its response to the Discussion Paper. The paper concludes with a brief summary of events and issues arising since the end of the consultation period.