The IFRS Foundation recognises the important role of those teaching IFRSs in developing capacity to apply IFRSs rigorously and consistently. To support those teaching IFRSs to develop in their students the skills and knowledge needed to interpret IFRSs (including the IFRS for SMEs) and to make the judgements that are necessary to apply it, the IASB’s education initiative has embarked on an extensive Framework-based teaching project