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Tier 2 Disclosure Principles

The following principles are applied in determining disclosures under Tier 2:

(a) drawing directly on the IFRS for SMEs when Tier 2 recognition and measurement requirements are the same as those under the IFRS for SMEs; and

(b) using the ‘user need’ and ‘cost-benefit’ principles applied by the IASB in developing its IFRS for SMEs when Tier 2 recognition and measurement requirements are not the same as those available under the IFRS for SMEs.

For further explanation of the above principles, click here.