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International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) – 2015 Amendments. Effective 01 January 2017
The International Accounting Standards Board (IASB) has published amendments to its 'International Financial Reporting Standard for Small and Medium-sized Entities' (IFRS for SMEs). The amendments are the result of the first comprehensive review of the standard, originally issued in 2009. They affect 21 of the 35 sections of the standard (excluding consequential amendments) and the glossary, however, most of the changes are minor. The amendments are effective for annual periods beginning on or after 1 January 2017 with earlier application permitted.
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