Training needs
Final question in the questionnaire targeted on determining the training needs of participants. 89.8% of the respondents stated that they need training for IFRS for SMEs. The majority of the respondents (59.4%) declared that the training should take more than 40 h. This result is line with Tyrrall et al. (2007) which found that 74% of the surveyed companies indicated a need for IFRS training.