UNCTAD-ISAR and IFRS Foundation Joint Forum
Accounting for Small and Medium-sized Enterprises
Tuesday 5 November 2013

Opening remarks:

  • Tatiana Krylova, Head, Enterprise Branch, Division on Investment and Entreprise, UNCTAD
  • Guillermo Braunbeck, International Financial Reporting Standards Foundation (IFSR)

Updates on international developments in the area of accounting for small and medium-sized enterprises (SMEs)

The panel will explore the following aspects of accounting and reporting by SMEs:

  • Recent developments on accounting and reporting by SMEs
  • Trends of adoption in different regions of the world
  • Implementation support being provided by the IFRS Foundation
  • Comprehensive review of the IFRS for SMEs 2012-2014

Moderator: Yoseph Asmelash, Economic Affairs Officer, Division on Investment and Entreprise, UNCTAD

Didier Millerot, Head of Accounting and Financial Reporting Unit, Internal Market and Services, Directorate General, European Commission
Amaro Luiz de Oliveira Gomes, Board Member, International Accounting Standards Board
Muneer Ebrahim Hassan, Senior Executive: Standards, The South African Institute of Chartered Accountants
Syed Asad Ali Shah, Partner, Deloitte, Pakistan
Hernán Casinelli, Member, SME Implementation Group–Latin America and the Caribbean, IFRS Foundation

Question-and-answer session

Lessons learned from the implementation of the IFRS for SMEs

The panel will discuss the following aspects of the IFRS for SMEs:

  • A summary of the main benefits and implementation challenges
  • The role of high-quality SME financial statement in facilitating accessing to credit
  • The contributions of SMEs to successful implementation of the IFRS for SMEs

Moderator: Richard Martin, Chair, Eighteenth session of ISAR

Amaro Luiz de Oliveira Gomes, Board Member, International Accounting Standards Board
Vania Borgerth, Brazilian Develoment Bank-BNDES, Brazil
Paul Thompson, Deputy Director, Small and Medium Practices (SMP) and SME Affairs, International Federation of Accountants

Question-and-answer session

Lunch break

Revising the IFRS for SMEs : Update on proposed changes to the IFRS for SMEs

This panel will present:

  • Recommendations that have been made to the International Accounting Standards Board on possible amendments to the IFRS for SMEs
  • Main changes proposed in the Exposure Draft
  • Next steps in the revision process

Moderator: Jim Osayande Obazee, Chair, Twenty-ninth session of ISAR

Amaro Luiz de Oliveira Gomes, Board Member, International Accounting Standards Board
Guillermo Braunbeck, IFRS Foundation
Yoseph Asmelash, Economic Affairs Officer, Division on Investment and Entreprise, UNCTAD

Question-and-answer session

Capacity-building needs of SMEs in accounting and reporting

This panel will address the following issues:

  • Training needs of SMEs and SMPs to support high quality financial reporting
  • Resources available for training
  • Initiatives of development partners to support training for SMEs

Moderator: Damir Kaufman, Chair, Twenty-eighth session of ISAR

Isabel Garza, Associate Economic Affairs Officer, Division on Investment and Entreprise, UNCTAD
Guillermo Braunbeck, IFRS Foundation
Gabriella Kusz, Senior Financial Management Specialist, World Bank
Paul Thompson, Deputy Director, SMP and SME Affairs, International Federation of Accountants

Question-and-answer session

Tatiana Krylova, Head, Enterprise Branch, Division on Investment and Entreprise, UNCTAD