Title Does the IASB know the needs of SMEs? A comparative analysis between the IFRS for SMEs and full IFRS due processes
Authors BAUTISTA MESA, RAFAEL JESÚS, MUÑOZ TOMÁS, JUAN MARÍA, Paz Horno-Bueno, Maria, MUÑOZ TOMÁS, JUAN MARÍA, BAUTISTA MESA, RAFAEL JESÚS
External publication No
Means Rev. Contab.
Scope Article
Nature Científica
JCR Quartile 3
SJR Quartile 3
JCR Impact 1.36800
Area International
Web https://www.scopus.com/inward/record.uri?eid=2-s2.0-85068600969&doi=10.6018%2frcsar.382261&partnerID=40&md5=5b9aad58daae78b2c4a280ce169cb9b8
Publication date 01/01/2019
ISI 000473337300007
Scopus Id 2-s2.0-85068600969
DOI 10.6018/rcsar.382261
Abstract Our research contributes to the limited literature on lobbying in accounting standards for SMEs by analysing all comment letters in the due process for the IFRS for SMEs (from 2004 to 2012) and comparing them to all of the 97 IASB's projects related to full IFRS during the same period of time. Results confirm that the participation of preparers is significantly lower in the international accounting standardisation process for SMEs. Although this reduced participation is compensated by a higher participation of auditors, results also reveal that auditors do not match the interests of preparers in the case of the IFRS for SMEs. In conclusion, the IASB finds a limitation of the Institutional Theory (Meyer and Rowan 1977) in the case of the IFRS for SMEs, drawing attention to the need of IASB for conducting further analysis about the real preferences, not only of specific users of the SMEs' financial information, but also of SMEs. We finally suggest the relevance of the analysis of the needs of SMEs in developing countries, in line with the pronouncements of UNCTAD (2003). (C) 2019 ASEPUC. Published by EDITUM - Universidad de Murcia.
Keywords IFRS for SMEs; Lobbying; IASB; Due process; Developing countries
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