IASB publishes IFRS for SMEs

Last week (9 July) the International Accounting Standards Board (IASB) published a new International Financial Reporting Standard (IFRS) for Small and Medium-Sized Entities (SMEs). It's a self-contained standard about 230 pages long which is tailored for the needs and capabilities of smaller businesses, which make up around 95% of businesses.
The standard can be downloaded for free from the IASB website.