IFRS publishes guidance on application of reporting standard

Released 18 March 2020

The IFRS Foundation has published Q&A 35.1 providing guidance on the application of the IFRS for SMEs® Standard. Developed by the SME Implementation Group (SMEIG), it responds to a question on the application of the undue cost or effort exemption when measuring an investment property at fair value on transition to the IFRS for SMEs Standard.

Further information can be found here.

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