The International Accounting Standards Board (IASB) issued today an International Financial Reporting Standard (IFRS) designed for use by small and medium-sized entities (SMEs), which are estimated to represent more than 95 per cent of all companies.  The standard is a result of a five-year development process with extensive consultation of SMEs worldwide.

http://www.iasb.org/News/Press+Releases/IASB+publishes+IFRS+for+SMEs.htm

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Ripan Gada

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