Bangladesh Adopts IFRS for SMEs

The Institute of Chartered Accountants of Bangladesh has adopted IFRS for SMEs as the Bangladesh Financial Reporting Standard (BFRS) for Small and Medium-sized Entities.

The adopted IFRS for SMEs can be used for financial reporting starting in 2013.

News of this update and other IFRS for SMEs activities during the month of April are available in theApril 2012 IFRS for SMEs Update (link to IASB website).