IFRS 2019 SME Implementation Group Draft Q&A Section 35, Issue 1

The SME Implementation Group (SMEIG) has published draft Q&As for comment in response to a question asked on whether “an entity bases its assessment of whether, at the date of transition, an investment property can be measured reliably at fair value without undue cost or effort on information about the costs and benefits at the date of transition to the IFRS for SMEs Standard or the costs and benefits at the date when preparing the first IFRS for SMEs financial statements.”

The comment deadline is 7 October 2019