SME Financial Reporting Framework and Standard

Standards and reference material

• For SME-FRF & SME-FRS (Revised March 2020)
  The SME-FRF & SME-FRS (Revised) has been updated to reflect the amendments of the Companies (Amendment) (No. 2) Ordinance 2018. Please refer to paragraph 54 of the SME-FRF for the effective date of the amendments.  Earlier application is not permitted.        

• For SME-FRF & SME-FRS (Revised December 2015)
  Effective for a Qualifying Entity's financial statements which cover a period beginning on or after 3 March 2014 – Early application is not permitted

• For SME-FRF & SME-FRS (Issued August 2005) (Old SME-FRF & SME-FRS)
  Effective for a Qualifying Entity's financial statements which cover a period beginning on or before 2 March 2014

Last updated: April 2020