The IASB has developed IFRS for small-and medium-sized entities that publish general-purpose financial statement for external users but do not issue shares in a public market.

Question

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The IASB developed the IFRS for SMEs to provide simplified financial reporting standards for small and medium-sized entities that do not have public accountability, such as not issuing shares in a public market.

The IASB Has Developed IFRS for Small-And Medium-Sized Entities That