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The International Accounting Standards Board (IASB) has published an Exposure Draft proposing narrow-scope amendments to the IFRS for SMEs Accounting Standard. The proposal introduces a consolidation exception for intermediate parents that have a parent or ultimate parent that is an investment entity and that does not produce consolidated financial statements.
The IASB’s proposal responds to a recommendation from the SME Implementation Group. The proposed change aims to provide eligible SMEs with the same cost savings available to similar entities under full IFRS Accounting Standards.
ISCA invites comments to be submitted to professionalstandards@isca.org.sg by 29 July 2026.
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