Accountancy Europe has launched a dedicated online hub to help small and medium-sized enterprises (SMEs) navigate the sustainability reporting landscape. Bringing together useful guidance, tools and resources in one place, the hub is designed to ease the adoption of the Voluntary Sustainability Reporting Standard for SMEs (VSME).
Small businesses may not always feel that standard-setters are listening. The Financial Reporting Council (FRC) is making a practical effort to change that, with the launch on 13 April 2026 of a new discussion forum specifically for stakeholders applying Financial Reporting Standard (FRS) 102; the standard underpinning financial reporting for the vast majority of UK […]
The European Financial Reporting Advisory Group (EFRAG) has reported limited interest in a European wide financial Reporting Standard for SMEs, following outreach on a proposed template aimed at SMEs and start-ups.
The International Accounting Standards Board (IASB) has released a series of webcasts to help small and medium-sized enterprises (SMEs) apply the recently updated IFRS for SMEs Accounting Standard. The third edition of the Standard, published in February 2025, is effective for reporting periods beginning on or after 1 January 2027, with early application permitted.
EFRAG has published two new reports mapping digital tools, platforms and initiatives designed to support application of the EU’s Voluntary Sustainability Reporting Standard for SMEs (VSME). The first provides a comparison of greenhouse gas (GHG) calculators, while the second surveys more than 200 reporting platforms and initiatives across Europe.
The European Commission has published its fourth omnibus proposal, introducing a new category: ‘small mid-cap enterprises’ (SMCs). The aim? To support companies transitioning beyond SME status with continued simplified obligations, mirroring those already available to SMEs.
EFRAG has released a full set of materials from its 7 April event, “VSME in Action: Empowering SMEs for a Sustainable Future,” including session recordings, presentation slides, and AI-translated content in 15 languages.
The Platform on Sustainable Finance, which advises the European Commission, has published a report proposing a voluntary “SME sustainable finance standard” to help small and medium-sized enterprises (SMEs) access sustainable finance and demonstrate environmental performance.
The International Accounting Standards Board (IASB) has published a significant update to the IFRS for SMEs Accounting Standard, used widely across 85 global jurisdictions.
The European Financial Reporting Advisory Group (EFRAG) has launched a public consultation on two Exposure Drafts concerning sustainability reporting standards for Listed SMEs. Before you ask, “What’s a Listed SME?”, well… it’s complicated.
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