Invitation for nominations for membership of the SME Implementation Group

The Trustees of the IFRS Foundation (Trustees) invite nominations of suitable candidates for membership of the SME Implementation Group (SMEIG).

About the SMEIG

The mission of the SMEIG is to support the international adoption, implementation and application of the IFRS for SMEs^® Standard.

The Trustees have charged the SMEIG with two main responsibilities:

1.  to consider questions on the implementation and application of the IFRS for SMEs Standard, decide which questions merit published educational material based on the criteria, and develop Q&As, which are educational materials, that are publicly available on a timely basis.
2. to consider the need to amend the IFRS for SMEs Standard and make recommendations to the International Accounting Standards Board (IASB) on:

1. issues on the implementation and application of the IFRS for SMEs Standard that cannot be addressed by Q&As; and
2. new and amended IFRS Accounting Standards that have been approved since the IFRS for SMEs Standard was issued or last amended.

The SMEIG has between 12 and 30 members and is chaired by IASB Member Jianqiao Lu. The SMEIG also includes appointed observers who have the right to participate in the SMEIG deliberations but cannot vote.

All SMEIG members serve on a voluntary, unpaid basis.

Additional information about the SMEIG is available in the Terms of Reference and Operating Procedures for the SMEIG.

Criteria for membership

SMEIG members are selected for their knowledge of and experience in financial reporting by small and medium-sized entities and, preferably, their knowledge of and direct experience with the IFRS for SMEs Standard.

The Trustees invite nominations and applications from all geographical regions. Given the current composition of the SMEIG and upcoming vacancies, the Trustees are particularly interested in candidates who use the financial statements of small and medium-sized entities (investors and providers of finance), and candidates based in South America and Africa.

How to apply

Nominations and applications must explain the candidate’s knowledge of and experience with financial reporting by small and medium-sized entities and may include any relevant supporting information. Nominations and applications should be submitted in English and will be considered if they are received at sme@ifrs.org by 18 March 2022.