Proposed changes to SMEs

The exposure draft on the IASB’s proposed amendments to SMEs is out! In a nutshell:
Proposed amendments to SME

*Other minor and editorial changes are proposed for other sections in SMEs and have not been included above

The good news is that the IASB is holding off on aligning the SME standard with the new IFRS 16 Leases standard (for now…).

The above information is a summary based on the ‘Snap shot’ document issued by the IASB. This document as well as the full exposure draft are available on and updates on this project are available here.

The due date for comments on the exposure draft is 7 March 2023.