Comment on the IASB's Exposure Draft ‘IFRS for Small and Medium-Sized Entities’1

Pietra, Roberto Di; Evans, Lisa; Chevy, Jeacuterocircme; Cisi, Maurizio; Eierle, Brigitte; Jarvis, Robin

doi:10.1080/17449480802049392

Cited by 33 publications

(32 citation statements)

References 8 publications

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“…This scenario might be supported by the need of some entities to have a better reporting framework. It would be in line with the literature showing that SMEs are not a homogeneous group (i.e., only some SMEs will benefit from the standard's application) (Sellhorn and Gornik‐Tomaszewski, ; Kirsch and Meth, 2007 cited by Di Pietra et al., ; Schiebel, ) and that regulators should consider the implications of size variations within the SMEs class (Quagli and Paoloni, ).…”

Section: Research Findingssupporting

confidence: 72%

“…Furthermore, only regulators and professional bodies responded to EU's consultation. We additionally investigate the opinions of users and preparers, which is crucial when discussing a possible implementation of IFRS for SMEs (Di Pietra et al., ; Quagli and Paoloni, ). The following discussion is based on our interviews.…”

Section: Context and Research Methodologymentioning

confidence: 99%

“…The main issues raised in previous studies or consultations related to IFRS for SMEs implementation include: who are the users, what entities should apply the standard and what are the associated costs and benefits (Di Pietra et al., ; Schiebel, ; IASC Foundation, ; European Commission, ; Litjens et al., ; Quagli and Paoloni, ). Regarding the latter, extant empirical evidence about the costs and benefits of adopting IFRS for SMEs is inconsistent (Eierle and Haller, ; Litjens et al., ).…”

Section: Prior Researchmentioning

confidence: 99%

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Implementation of IFRS for SMEs in Emerging Economies: Stakeholder Perceptions in the Czech Republic, Hungary, Romania and Turkey

Albu

Pali-Pista

et al. 2013

Financ Manag Account

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This research investigates the perceptions of stakeholders involved in financial reporting in four emerging economies (the Czech Republic, Hungary, Romania, and Turkey) regarding the possible implementation of IFRS for SMEs, in terms of costs, benefits, and strategy of adoption. In‐depth, semi‐structured interviews were conducted with representatives of main stakeholders (preparers, auditors, regulators, professional bodies, and users). We find more support for IFRS for SMEs implementation in these four countries than suggested by the results of the European Commission's consultation for the European Union. Interviews reveal differences between stakeholder groups and between countries regarding the preferred implementation approach (mandatory adoption, voluntary adoption or convergence of national regulations with IFRS for SMEs). Interviews indicate the most support for the convergence approach. However, users oppose convergence and prefer the adoption of IFRS for SMEs. The convergence approach moves regulators' attention from users' needs to preparers' preferences and preparedness. This finding is relevant in the decision‐making process of national regulators, who should balance the needs of various stakeholders, but also the country's political and economic objectives.

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Section: Research Findingssupporting

confidence: 72%

Section: Context and Research Methodologymentioning

confidence: 99%

Section: Prior Researchmentioning

confidence: 99%

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Implementation of IFRS for SMEs in Emerging Economies: Stakeholder Perceptions in the Czech Republic, Hungary, Romania and Turkey

Albu

Pali-Pista

et al. 2013

Financ Manag Account

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“…Some articles tried to explain why IFRS for SMEs didn't have so success as expected (Di Pietra et al, 2008). Considering one of the main reasons only the contingent situation and plaintive not so much empirical research results about Maria-Gabriella Baldarelli, Paola Demartini, Lorena Mosnja-Skare, Paola Paoloni-ACCOUNTING HARMONIZATION FOR SME-S IN EUROPE: SOME REMARKS ON IFRS FOR SME-S AND EMPIRICAL EVIDENCES SMEs.…”

Section: Some Suggestions and Basic Remarks On Future Ifrs For Smes Dmentioning

confidence: 99%

Accounting Harmonization for SME-S in Europe: Some Remarks on IFRS for SME-S and Empirical Evidences

Baldarelli

Demartini²,

Mošnja-Škare

et al. 2012

Economic Research-Ekonomska Istraživanja

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The debate on accounting truth is an old problem (Brilo¤ , 1979) and it is at present more and more important in harmonization process, especially involving small-and medium-sized enterprises (SMEs). Their users' needs regarding the extents and type of accounting information as well as the costs of their providing are widely discussed as the arguments for di¤ erential reporting for SMEs, although there is still more literature

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“…The debate around the new standard involves several factors, including: the comments on the IASB's Discussion Paper (Evans et al, 2005) and the Exposure Draft ‗IFRS for Small and Medium-Sized Entities' (Di Pietra et al, 2008); the different perspectives of acceptance among users, preparers and European Countries (Quagli & Paoloni, 2012); and the factors influencing countries' adoption of the IFRS for SMEs (Kaya & Koch, 2015). A number of contributions have referred to country-specific perspectives, such as those of the Czech Republic (Albu et al, 2013;Nerudova & Bohusova, 2008;Pàlka & Svitàkovà, 2011), Estonia (Alver et al, 2014), Germany (Eierle & Haller, 2009;Kreipl et al, 2014), Ghana (Aboagye-Otchere & Agbeibor, 2012), Greece (Mandilas et al, 2010) Italy (Baldarelli et al, 2007;Cisi, 2008), the Netherlands (Litjens et al, 2012), Romania (Albu et al, 2010;Gîrbină et al, 2012), South Africa (Schutte & Buys, 2011;Stainbank, 2008;van Wyk & Rossouw, 2009), Spain (Milanés Montero et al, 2011), Turkey (Arsoy et al, 2007;Atik, 2010;Kiliç et al, 2016;Turegun & Kaya, 2014), the United Arab Emirates (Kumar, 2014) and the USA (Jermakowicz & Epstein, 2010).…”

Section: Introductionmentioning

confidence: 99%

Differences between National Reporting Practices and IFRS for SMEs Presentation and Disclosure Requirements: Evidence from Italy

Valentinetti

Rea

Basile

2016

ijafr

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The aim of this paper is to assess the differences between the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) requirements and national financial reporting practices. For this purpose, the IASB's checklist was applied to a sample of financial statements prepared in Italy by non-listed manufacturing companies. The results reveal the major differences existing in the presentation of financial statements, as well as in narrative disclosure practices in management commentary and notes. Furthermore, econometric analysis suggests that the differences are influenced by certain exploratory ISSN 2162-3082 2016 factors, namely, profitability, leverage, size and parent company relationship. This study offers new insights into the roles of certain exploratory factors that are likely to influence the movement towards the application of the IFRS for SMEs. International Journal of Accounting and Financial Reporting

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Comment on the IASB's Exposure Draft ‘IFRS for Small and Medium-Sized Entities’1

Cited by 33 publications

References 8 publications

Implementation of IFRS for SMEs in Emerging Economies: Stakeholder Perceptions in the Czech Republic, Hungary, Romania and Turkey

Implementation of IFRS for SMEs in Emerging Economies: Stakeholder Perceptions in the Czech Republic, Hungary, Romania and Turkey

Accounting Harmonization for SME-S in Europe: Some Remarks on IFRS for SME-S and Empirical Evidences

Differences between National Reporting Practices and IFRS for SMEs Presentation and Disclosure Requirements: Evidence from Italy

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