What influences the implementation of IFRS for SMEs? The Brazilian case

Flauzeliton José Aparecido Gonçalves, André Aroldo Freitas de Moura, Fabio Yoshio Suguri Motoki

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Abstract

We investigate factors influencing the implementation of IFRS for SMEs in Brazil. Accountants and accounting firms from all over the country received a questionnaire about the perceptions of IFRS for SMEs. A Logit regression on the factors associated with non-implementation using 426 valid observations suggests that inconsistencies and incomprehensibility issues are the main factors preventing implementation. However, further investigation indicates that once participants know the standard, “implementation myths” are mitigated. Therefore, regulators should increase the availability of education programs, so accountants feel more secure and boost the standard’s implementation. We complement the findings of IASB’s Second Comprehensive Review of the standard.
Original languageEnglish
Pages (from-to)2947-2992
Number of pages46
JournalAccounting and Finance
Volume62
Issue number2
Early online date1 Feb 2022
DOIs
Publication statusPublished - Jun 2022

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