The NOFA Foundation has prepared and submitted the comment-letter on ED of a Proposed IFRS for Small and Medium-sized Entities to IASB. This CL presents NOFA’s position on the issue under discussion. The NOFA Foundation has prepared and submitted the comment-letter on ED of a Proposed IFRS for Small and Medium-sized Entities to IASB. This CL presents NOFA’s position on the issue under discussion.