ifrs

Question 15. Which of the following statements about the IFRS for SMEs Standard are correct? 1. Companies may only use the Standard if they meet prescribed size limits 2. The IFRS for SMEs Standard cannot be applied by insurance companies 3. The IFRS for SMEs Standard may be adopted by jurisdictions that have not adopted full IFRS Standards 1 and 2 2 and 3 1 and 3 All of them