search icon cross white
spacer bookmark cross
search icon
Search Tags

  Total: Bookmarks

 Bookmark(s) Click icon to add bookmark(s) to my profile

  •  Local Bookmark is Empty

 User Profile Bookmark(s)

  •  Profile is Empty
bookmark cross white
search icon cross white
search icon
Search Tags

  Total: Bookmarks

Click icon to add bookmark(s) to my profile


 User Profile Bookmark(s)


Forgot password / username Re-send activiation email Register an account Help with web login

References on 2010 version of HKFRS for Private Entities

References issued by the Institute

  • Illustrative financial statements
    • Example Directors' Report,  Auditor's Report and  Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for Private Entities (with Hong Kong Companies Ordinance disclosures)



  • Submission to SME Implementation gorup


Q&A Issue 1 (2011/01)

"Use of the IFRS for SMEs in parent’s separate financial statements"


Q&A Issue 2 (2011/02)
"Entities that typically have public accountability"


Q&A Issue 3 (2011/03)
"Interpretation of 'traded in a public market'"

Q&A Issue 4 (2011/04)
"Investment funds with only a few participants"

Q&A (General, Issue 1)  "Application of the IFRS for SMEs for financial periods ending before the IFRS for SMEs was issued"

Q&A (General, Issue 2)  "Interpretation of "undue cost or effort" and "impracticable""

Q&A (Section 3, Issue 1) "Jurisdiction requires fallback to full IFRSs"

Q&A (Section 3, Issue 2) "Departure from a principle in the IFRS for SMEs"

Q&A (Section 3, Issue 3) "Prescription of the format of financial statements by local regulation"

Q&A (Section 30, Issue 1) –  Recycling of cumulative exchange differences on disposal of a subsidiary

Q&A (Section 11, Issue 1) – Fallback of IFRS 9 Financial Instruments


References Issued By IASB

The World Bank has made available for viewing on their website a two-part webcast presentation by Paul Pacter (IASB Board Member and Director, Standards-SMEs) An Overview of the IFRS for SMEs. Each part is approximately one hour long. The presentation reviews the requirements in each of the 35 sections of the IFRS for SMEs and highlights differences with full IFRSs.


To view the webcast presentations:




Last updated: 4 October 2017