The IFRS Foundation publishes the final IFRS for SMEs podcast, discussing Malaysia’s adoption and resources for the third edition of the Standard.
The September 2026 IFRS for SMEs Accounting Standard Update covers agricultural accounting, the Consolidation Exception ED, and SMEIG nominations.
Third Edition of the IFRS for SMEs®: Prepare for 2027 Overview The global financial reporting landscape for small and medium-sized entities (SMEs) is facing its most substantial change in over a decade. The third edition of the IFRS for SMEs Accounting Standard, issued in February 2025, introduces significant amendments that enhance relevance, simplify application and align the SMEs Accounting Standard more closely with full IFRS Accounting Standards in key areas. Application is mandatory for reporting periods beginning on or after 1 January 2027 and most changes apply retrospectively — so, with 2026 as the comparative period, [...]
CIPC Notice 35 of 2026 clarifies transitional provisions for sections 30A and 30B of the amended Companies Act.
CIPC Notice 35 of 2026 clarifies transitional provisions for sections 30A and 30B of the amended Companies Act.
IFRS Foundation releases Module 34 on Inventories and its final transition webcast for the IFRS for SMEs Accounting Standard.
LATEST UPDATE Exposure Draft Consolidation Exception In May 2026, the IASB published the Exposure Draft Consolidation Exception, which is available on: https://www.ifrs.org/content/dam/ifrs/project/ifrs-for-smes-accounting-standard-consolidation-exception/ed-iasb-sme-2026-1-consolidation-exception.pdf It addresses a question that was raised to the SMEIG and is open for comment until 9 September 2026, with more details on: https://www.ifrs.org/projects/work-plan/ifrs-for-smes-accounting-standard-consolidation-exception/ed-cl-consolidation-exception/ The application question was about whether the exception in paragraph 9.3 of the IFRS for SMEs Accounting Standard (Standard), from preparing consolidated financial statements (the ‘consolidation exception’), applies to an intermediate parent, if its ultimate (or intermediate) parent is an investment entity that produces separate financial statements in which [...]
LATEST UPDATE New Educational Modules on the Third Edition of IFRS for SMEs Published The IFRS Foundation has published four new educational resources to help stakeholders learn, apply and implement the third edition of the IFRS for SMEs Accounting Standard. The new educational modules are: Module 13 – Inventories Module 17 – Property, Plant and Equipment Module 21 – Provisions and Contingencies Module 30 – Foreign Currency Translation Each module provides practical support and includes a comparison with the related full IFRS Accounting Standard. The educational models are available on: https://www.ifrs.org/supporting-implementation/2025-ifrs-for-smes-supporting-materials/modules/ more [...]
LATEST UPDATE Educational Modules on the Third Edition of IFRS for SMEs Published The IFRS Foundation has published new educational resources in the first quarter of 2026 to help stakeholders learn, apply and implement the third edition of the IFRS for SMEs Accounting Standard. New educational modules: Module 18 Intangible Assets other than Goodwill, available on: https://www.ifrs.org/content/dam/ifrs/supporting-implementation/smes/2026-modules/module-18.pdf Module 26 Share-based Payment, available on: https://www.ifrs.org/content/dam/ifrs/supporting-implementation/smes/2026-modules/module-26.pdf  Module 33 Related Party Disclosures, available on: https://www.ifrs.org/content/dam/ifrs/supporting-implementation/smes/2026-modules/module-33.pdf Each module provides practical support and includes a comparison with the related full IFRS Accounting Standard. The educational models are available on: [...]
LATEST UPDATE Educational Modules on the Third Edition of IFRS for SMEs Published The IFRS Foundation has published a package of new educational resources to support implementation of the third edition of the IFRS for SMEs Accounting Standard. These materials are aimed at stakeholders learning about or applying the IFRS for SMEs Accounting Standard. New educational modules: • Module 23 Revenue from Contracts with Customers • Module 15 Joint Arrangements • Module 28 Employee Benefits. Each module provides practical support and includes a comparison to the related full IFRS Accounting Standard. The educational modules are available on: https://www.ifrs.org/supporting-implementation/2025-ifrs-for-smes-supporting-materials/modules/ [...]
