Further, we investigated whether there is significant difference in responses to advantages of IFRS for SMES based on experience, education level, and preparedness as shown in Table 5. The results indicate no significant effect of experience and education level of accounting professionals on their perception of advantages of IFRS for SMEs. In fact, there is some evidence that experience affects the perception of accountants negatively about the advantages of the new financial reporting sets in prior literature. According to Cole et al. (2011), more experienced accountants are pessimistic about the advantages of the IFRS, such as comparability. Our finding is not compatible with Cole et al. (2011). The accounting professionals are classified into two groups based on their preparedness for the IFRS for SMEs. It is expected that prepared accounting professionals are more aware of the advantages of IFRS for SMEs. The differences in responses between prepared and unprepared accounting professionals are statistically significant only for two of the perceived advantages of easy transition to the full set of IFRS for growing SMEs and inhibiting the underground economy in Turkey.