Bulletin 25 - International Financial Reporting Standards for SMEs

Most SMEs in Ireland currently prepare accounts using Irish GAAP (Generally Accepted Accounting Standards). IFRS for SMEs is a reporting standard for non-publicly accountable companies which is likely to replace Irish GAAP by 2012. The standard is based on International Financial Reporting Standards (IFRS) and was published by the standard setters in July 2009. One of the main reasons why this standard has been published is ...

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