Preparedness of CPA firms is determined with four statements including arranging
meetings, informing clients, sighting new accounting program compatible with
IFRS for SMEs, and adopting current program for the IFRS for SMEs (Guerreiro et
al., 2008; Ballas et al., 2010). According to the findings, altogether 41 of the CPA firms have arranged meetings about the IFRS for SMEs in their firms (19.5%); 19
of the CPA firms have informed their clients (9.0%); 17 of them have searched for
new accounting programs compatible with IFRS for SMEs (8.1%); and only 8 of
the CPA firms have adopted their current program for the IFRS for SMEs (3.8%).
The details of the analysis are presented in Table 4.