The IFRS Foundation has launched a recruitment drive for new members for the SME Implementation Group (SMEIG), which was set up to support the international adoption of IFRS for SMEs and monitor its implementation, particularly where there are complex interpretation issues
The IFRS Foundation is looking for up to 14 members to replace members retiring in June 2016 and to fill current vacancies. New members would serve three-year terms, starting on 1 July 2016.
SMEIG has two principal responsibilities. The first is to develop non-mandatory education guidance for implementing the IFRS for SMEs in the form of questions and answers (Q&As) that are made publicly available.
Secondly, the group is tasked with making recommendations to the International Accounting Standards Board (IASB) as and when required regarding any need to amend the IFRS for SMEs.
The SMEIG consists of up to 30 members who serve on a voluntary, unpaid basis and are selected for their knowledge of, and experience in, financial reporting by SMEs.
The IFRS Foundation says suitable candidates typically include accountants working in SMEs, auditors in small or medium-sized public practices, and bank lenders and other users of financial statements of SMEs. It says it is looking to maintain a reasonably broad geographical representation among the members of the SMEIG.
Applications are invited by 28 February 2016 to [email protected]
Candidates should explain their own or their nominee’s knowledge and experience in the financial reporting of SMEs and submit any additional material they consider relevant to support their submission.
There is more information about the SMEIG here
