SEDUCTIVE ROUTE TOWARDS CONVERGENCE DISCLOSURE: IFRS FOR SMEs,RUTA SEDUCTORA HACIA LA CONVERGENCIA DIVULGACION: NIIF PARA PYMES

Aida R. Lozada Rivera

Revista Internacional Administracion & Finanzas, 2015, vol. 8, issue 2, 83-103

Abstract: Efforts to standardize accounting standards have been relevant since 1973, with the creation of the IASC. International Accounting Standards Board (IASB) was created in 2001. This entity currently regulates the International Financial Reporting Standards for public companies or full IFRS. These are mainly aimed at satisfying the demands of investors in international stock markets. However, there is another sector that requires standardized and quality reporting. Creditors, government and regulators belong to a group of users that need uniform financial information, enabling them to rate companies, analyze disclosure and make decisions. Addressing the claim of these, in 2009 the IASB, creates the IFRS for SMEss or little IFRS. The main attraction for adoption is that they have minimum requirements for implementation and disclosure. It is pertinent to investigate whether these requirements are a seductive element that motivates companies to implement them. The study emphasized disclosure requirements and a comparison that shows simplicity in the application of little IFRS. The trend of adoption varies between continents. The advantages and disadvantages of these rules are listed, statistics of adoption and ideas for further academic research.

Keywords: IFRS; IFRS for SMEs; Converge Route (search for similar items in EconPapers)
JEL-codes: F20 F23 M40 M41 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v8n2-2015/RIAF-V8N2-2015-6.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibf:riafin:v:8:y:2015:i:2:p:83-103

Access Statistics for this article

Revista Internacional Administracion & Finanzas is currently edited by Terrance Jalbert

More articles in Revista Internacional Administracion & Finanzas from The Institute for Business and Finance Research
Bibliographic data for series maintained by Mercedes Jalbert ( this e-mail address is bad, please contact ).