Turkey has adopted the IFRS for SMEs in November 2010, and thus has become
one of the earlier adopters in the world. Initially, Turkey planned to implement
IFRS for SMEs starting from 2013, but recently postponed application to 2014.
Further delays are also expected in the application date. The Turkish Standard
Authority is expected to issue an announcement that will require the application of
the IFRS for SMEs. This exploratory research extends the literature on IFRS for
SMEs by analysing the awareness, information level, preparedness, and perception
of accounting professionals regarding this standard in Turkey.