Call for members: SME Implementation Group (SMEIG)

SME Implementation Group (SMEIG) seeks new members to join in 2027 

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

The two main responsibilities of the SMEIG are:

1. to support the use of the IFRS for SMEs Accounting Standard by:
   • considering questions on its implementation and application;
   • using set criteria to decide which questions merit published educational material; and
   • developing, on a timely basis, questions and answers (Q&As) that are made publicly available.
2. to consider the need to amend the IFRS for SMEs Accounting Standard and to make recommendations to the International Accounting Standards Board (IASB) on:
   • issues related to the implementation and application of the IFRS for SMEs Accounting Standard that cannot be addressed by Q&As; and
   • new and amended IFRS Accounting Standards that have been approved since the IFRS for SMEs Accounting Standard was issued or last amended.

The terms of reference and operating procedures for the SMEIG are available on the IFRS Foundation’s website. 

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

The Trustees aim to balance the geographical representation of the Group and are particularly interested in: 

1. candidates from Asia; or
2. candidates who use the financial statements of SMEs (investors and lenders). 

The SMEIG is chaired by IASB member Zach Gast. All members of the SMEIG serve on a voluntary basis. The SMEIG also includes appointed observers who have the right to participate in SMEIG deliberations, but not to vote. 

Terms of appointment 

Successful candidates will be appointed for a term of three years, which may be renewed for a further three-year term. 

Apply 

Nominations and applications must explain the candidate’s knowledge of and experience with financial reporting by SMEs and may include any relevant supporting information.

Nominations and applications will be considered if they are received by 28 September 2026. 

IASB have the discretion to review applications received after the specified date.