IFRS for SMEs is set to be revised for a second time in its history, and the exposure draft is due to be made public from September of 2022. IFRS for SMEs is a widely adopted financial reporting framework, and amendments to this standard are likely to affect businesses preparing financial statements and auditors of financial statements. The proposed amendments will attempt to achieve the following: - Align IFRS for SMEs with IFRS - Partially align IFRS for SMEs with IFRS, or - Identify sections of IFRS for SMEs that will not align with IFRS

This training session’s goal is to get you up to speed with the latest proposed amendments, clarifying any new requirements and providing a simplified understanding of what new requirements entail. This session will also attempt to establish and communicate a timeline of implementation, and what the effective date is for the proposed amendments to IFRS for SMEs.

☒Auditors ☒Financial accountants Fourth year SAICA trainees ☐Fifth year SAICA trainees ☒Audit mangers ☒Audit partners ☒Engagement Quality Control Reviewers ☒Compliance officers ☒Ethics officers