Members of IFRS for SMEs group wanted

The trustees of the International Accounting Standards Committee Foundation are looking for nominations of candidates for its International Financial Reporting Standard for SMEs Implementation Group.

The mission of the group, known as SMEIG, is to support the adoption of the standard and to monitor it.

The SMEIG will have two main responsibilities.

First is to develop non-mandatory guidance for implementing the IFRS for SMEs in the form of questions an answers that will be made publicly available to interested parties on a timely basis.

Second is to make recommendations to the International Accounting Standards Board if and when needed regarding the need to amend the standard.

The SMEIG will be chaired by Paul Pacter, the IASB’s director of standards for SMEs and all members will serve on a voluntary basis.

The group may also include appointed observers who have the right to participate in SMEIG deliberations, but not to vote.

Nominations and applications are invited by 30 April 2010. For further details and membership specifications, see: http://go.iasb.org/SMEIG