The adaptation of IFRS for SMEs is expected to expand the financial information comparability not only on
national but on the international levels as well. Furthermore, adaption is expected to enhance international trade,
ease the application of cross border acquisitions, partnerships or agreements of cooperation with foreign entities
which provide SMEs to reach international markets. In addition, it will support the relations with credit
institutions by having a positive impact on the credit rating scores in parallel with their financial health
(Bohušová and Blašková, 2012).