Applicability of SMEIG Final Q&As on the application of IFRS for SMEs to Philippine SMEs
The Philippine Interpretations Committee (PIC) approved Q&A No. 2013 – 01 on June 30, 2013 which deals with the applicability of SME Implementation Group (SMEIG) Q&As on Philippine SMEs. Q&A No. 2013 – 01 clarifies the following: All Q&As except Q&A 2011/01 and Q&A 2011/02 can be applied…