Global Standards for the world economy

Friday 22 January 2021

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 Implementation issues and SMEIG Q&As

Procedure for submitting implementation issues

Small companies and other interested parties can submit implementation issues on the IFRS for SMEs for consideration.

Submitted issues will be dealt with by staff in one of two ways:

  • Staff will refer the issue for consideration by the SME Implementation Group (SMEIG) if they think the issue is likely to meet the criteria in paragraph 15 of the Terms of Reference and Operating Procedures for the SMEIG.  For these issues the SMEIG will then consider whether to develop non-mandatory implementation guidance to address the issue in the form of questions and answers (Q&As).
  • Other issues will be considered by the staff when updating our education material or held for consideration during the next periodic review of the IFRS for SMEs, as applicable.

The paragraph 15 criteria referred to above set out that an issue should be pervasive, that unintended or inconsistent implementation has or is likely to occur because of lack of clarity in the Standard, and that the SMEIG can reach a consensus on the appropriate treatment on a timely basis.

In all cases, submitted issues will be dealt without publication of the submitter’s or organisation’s name or contact details.

To submit issues to the staff please email a description of your issue to


The SMEIG may from time to time develop non-mandatory implementation guidance to address implementation issues on the IFRS for SMEs. This non-mandatory guidance is published in the form of questions and answers (Q&As) that are made publicly available to interested parties on a timely basis.

For more information about the criteria used by the SMEIG when developing this guidance see the Terms of Reference of the SMEIG.

There are no current Q&As. All Q&As issued prior to the 2015 Amendments to the IFRS for SMEs have either been incorporated into the IFRS for SMEs (and made mandatory) and/or the IFRS Foundation's educational material (remains non-mandatory). However the Q&As and the history of the development of those Q&As can be accessed here (these Q&As will remain available on our website until the 2015 amendments become effective in 2017).


Contact us

Darrel Scott 
Board Member, Chairman of the SME Implementation Group 


Michelle Fisher
Senior Technical Manager, IFRS for SMEs