The perception of the respondents was measured on a five-point Likert scale from
1 to 5 (1=strongly disagree, 5=strongly agree). The questions in the survey were
determined by taking into consideration the previous literature (see, for example,
Poroy Arsoy & Sipahi, 2007; Ballas et al., 2010; Müllerova et al., 2010; Navarro-Garcia & Bastida, 2010; Rezaee et al., 2010). The questionnaire included two main
sections to measure the perception of the accounting professionals about the
advantages and disadvantages of the IFRS for SMEs. The questionnaire included a
section to collect demographic information of the accounting professionals for
classification purposes. We applied Kruskal-Wallis Chi2 analysis to investigate
differences in responses.