IFRS - New appointments made to the SME Implementation Group.
The Board of Trustees of the IFRS Foundation has recently announced the appointment of eight distinguished individuals to the SME Implementation Group (SMEIG). This decision comes in response to the invitation for nominations and applications for SMEIG membership that was issued in March 2023. The newly appointed members are scheduled to commence their three-year terms on 1 July 2023, thereby replacing the seven outgoing members who will conclude their service on 30 June 2023. This development reflects the Foundation's commitment to ensuring the continued effectiveness and relevance of the SMEIG in addressing the needs of small and medium-sized entities.
The new members are:
- Eng Kian Lee (Singapore)
- Wilfred Au (Canada)
- Noluthando Bobani (South Africa)
- Elaine Conway (UK)
- Fridrich Housa (Australia)
- Pramod Jain (India)
- Ernest Muguku Muriu (Kenya)
- Eva Sundberg (Sweden)
The SME Implementation Group (SMEIG) was instituted by the Trustees of the IFRS Foundation in 2010 with the primary purpose of serving as an advisory body to the International Accounting Standards Board (IASB). This consultative group fulfills two key roles: firstly, it examines issues related to the implementation and application of the Accounting Standard for Small and Medium-sized Entities (IFRS for SMEs); and secondly, it provides guidance to the IASB regarding necessary updates to the Standard during periodic reviews. It is important to note that membership within the SMEIG is individual and non-representative of any specific company, organization, or constituency. Members of the SMEIG express their personal opinions and perspectives rather than those of any affiliated entity.