[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
IDEAS home Printed from https://ideas.repec.org/a/ibf/acttax/v6y2014i2p71-83.html
   My bibliography  Save this article

The 2012 Review Of Ifrs For Smes: Possible Responses From The Fiji Institute Of Accountants

Author

Listed:
  • Ezaaz Hasan
  • Sheetal Mala
  • Glen Finau
  • Prena Rani
Abstract
The International Accounting Standards Board (IASB) issued a paper reviewing the IFRS for SMEs in 2012 and invited public comments on changes the IASB had under consideration. There was no response from the Fiji Institute of Accountants (FIA), Fiji’s professional body and de facto accounting regulator, despite the fact that the Institute had contributed to the debate in 2007, when the initial draft of the Standard was under review. The FIA had applied the standard for reporting periods beginning on or after 1st January 2011.This study will determine the reason behind FIA’s non-response by interviewing two individuals with significant experience and knowledge in accounting regulation and standard setting in Fiji. The paper also investigates the challenges SMEs are facing by surveying audit firms. The findings indicate that SMEs are facing certain drawbacks which should have been conveyed by the FIA to the IASB in the 2012 review. The study provides preliminary evidence to suggest that FIA should make a substantive response in future reviews for IFRS for SMEs (such as the 2013 Exposure Draft).This response would also be useful for other developing countries that are facing similar issues/problems in the application of the IFRS for SMEs.

Suggested Citation

  • Ezaaz Hasan & Sheetal Mala & Glen Finau & Prena Rani, 2014. "The 2012 Review Of Ifrs For Smes: Possible Responses From The Fiji Institute Of Accountants," Accounting & Taxation, The Institute for Business and Finance Research, vol. 6(2), pages 71-83.
    • Handle: RePEc:ibf:acttax:v:6:y:2014:i:2:p:71-83
    as

    Download full text from publisher

    File URL: http://www.theibfr2.com/RePEc/ibf/acttax/at-v6n2-2014/AT-V6N2-2014-7.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fazeena Fazneen Hussain & Priyashni Vandana Chand & Prena Rani, 2012. "The Impact Of Ifrs For Smes On The Accounting Profession: Evidence From Fiji," Accounting & Taxation, The Institute for Business and Finance Research, vol. 4(2), pages 107-118.
    2. Marius Sorin CIUBOTARIU, 2013. "The Role Of Small And Medium Enterprises In The Modern Economy And The Importance Of Ifrs Application For Smes," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 13(1(17)), pages 201-210, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Carl A. Crittenden II & William F. Crittenden, 2014. "The Accounting Profession’S Role In Corporate Governance In Frontier Markets: A Research Agenda," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 5(2).
    2. Selamat, Moch Akbar & Windasari, Nila Armelia, 2021. "Chatbot for SMEs: Integrating customer and business owner perspectives," Technology in Society, Elsevier, vol. 66(C).
    3. K Mercy Makhitha & Brian Soke, 2021. "Investigating the challenges for the development of independent retailers in South Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(7), pages 16-26, October.

    More about this item

    Keywords

    2012 Initial Comprehensive Review; Fiji Institute of Accountants (FIA); IFRS for SMEs; 2013 Exposure Draft; Challenges and Benefits;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibf:acttax:v:6:y:2014:i:2:p:71-83. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mercedes Jalbert (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.