We sure hope so. Yet according to Brendan Murtagh, speaking at the 28th annual Caribbean Accountants Conference, he said:"I'm not suggesting every SME needs to become a global business, but to be the best they can be, they have to understand that there are going to be opportunities out there in the current climate whereby they can get together and leverage what they have together with other partners, and actually make a stronger, better business that's going to add to the economy as a whole. We are saying if you are going to recognize these opportunities, you have to step back and ask how are we going to do it?"Read more here.
Note: IASB Issues Accounting Standard for SMEs
