Question $3-18$

What is IFRS for SME?

Multiple Choice

It is a set of IFRS for Sweden, Morocco, and Ecuador $($SME$).$

It is a simplified version of IFRS to better serve smaller, simpler organizations, reducing costs without sacrificing the

benefits of using IFRS.

It is a complicated and difficult to understand new version of IFRS for banks.

It is a full set of IFRS rules for the world's largest, most complex organizations.