SMEs must adopt new accounting standards immediately: Grant Thornton

By Jessica Stanic · 10 July 2009 · Locked

Accounting change looms for Aussie SMEs

Grant Thornton warns SDL businesses to act fast as a major accounting standard shift is on the horizon. Find out what's changing and how it will impact your business.

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Summary

The new International Financial Reporting Standard for small and medium-sized enterprises (IFRS for SMEs) will transform the way many Australian unlisted businesses prepare their accounts and needs to be adopted immediately said Grant Thornton Australia.