• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
    • Abstracting/ Indexing:  CNKI, Google Scholar, Electronic Journals Library, Crossref, Ulrich's Periodicals Directory, MESLibrary, etc.
    • E-mail: joebm.editor@gmail.com
JOEBM 2016 Vol.4(1): 7-14 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2016.V4.359

A Survey of Certified Accountants Opinion on SMEs Financial Reporting: Evidence from Romania

Maria Mădălina Buculescu and Anamaria Stoica

Abstract—The paper analyze previous studies about the attitude and perception of professional accountants regarding IFRS for SMEs adoption in different European jurisdiction. Also this paper aims to determine to what extent Romanian professional accountants agree national accounting regulations for SMEs and if adoption of an international accounting standard special suited for SMEs (e.g. IFRS for SMEs) is considered an alternative to the financial reporting of Romanian SMEs. To reach our objective we sent a survey questionnaire to 4,000 Romanian professional accountants and we collected 90 valid responses. Based on our results we found that more than half of the respondents are satisfied with the current accounting regulations although professional accountants favor simplification of the legislation by reducing the number of policies, options and the volume of the information disclosed for SMEs. Despite this, about 40 percent of the respondents describe the possible adoption of the IFRS for SMEs as being opportune and advantageous.

Index Terms— Financial reporting, IFRS for SMEs (international financial reporting standards for small and medium sized entities), professional accountants, SMEs.

The authors are with the University of Economic Studies, Bucharest, Romania (e-mail: buculescumadalina@yahoo.com, stoica.anamaria20@yahoo.com).


Cite: Maria Mădălina Buculescu and Anamaria Stoica, " A Survey of Certified Accountants Opinion on SMEs Financial Reporting: Evidence from Romania," Journal of Economics, Business and Management vol. 4, no. 1, pp. 7-14, 2016.

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