NEW YORK- The International Accounting Standards Board (IASB) announced on June 20, 2008 that the project previously known as IFRS for SMEs will now be referred to as IFRS for Private Entities.
This amendment is based on the feedback from constituents received through the Exposure Draft process
IASB is committed to developing in the public interest a single set of high quality global accounting standards.
For more information please visit the following website: www.iasb.org