Congratulations to Professor Robin Jarvis of Brunel Business School has been reappointed as a member of the International Accounting Standards Board (IASB) SME Implementation Group of the IFRS Foundation for a further two-year term ending 30 June 2014.
Professor Jarvis’s current research interest is the process of accounting standard setting, financial reporting for SMEs and Business Support provisions for SMEs.
As stated on its website, the SMEIG has two main responsibilities:
- Consider implementation questions raised by users of the IFRS for SMEs, decide which ones merit published implementation guidance, reach a consensus on what that guidance should be, develop proposed guidance in the form of questions and answers (Q&As) that would be made publicly available to interested parties on a timely basis, and request the IASB to approve the Q&As for issue. The Q&As are intended to be non-mandatory guidance that will help those who use the IFRS for SMEs to think about specific accounting questions.
- Consider, and make recommendations to the IASB on the need to amend the IFRS:
(i) for implementation issues that cannot be addressed by Q&As, and
(ii) for new and amended IFRSs that have been adopted since the IFRS for SMEs was issued or last amended.