Small number of countries has made amendments to its content, but most of them require all SMEs to use IFRS
for SMEs. Naturally, if a company chooses to employ an amended standard, then the entity is not able to declare
harmony with IFRS for SMEs, thus will fail to benefit from the advantages of internationally accepted and
employed standard (Mourik, & Walton, 2013). Hence, countries are encouraged to implement plentiful to have
the proposed solution-oriented set of these standards specially designed to aid SMEs.
Small number of countries has made amendments to its content, but most of them require all SMEs to use IFRSfor SMEs. Naturally, if a company chooses to employ an amended standard, then the entity is not able to declareharmony with IFRS for SMEs, thus will fail to benefit from the advantages of internationally accepted andemployed standard (Mourik, & Walton, 2013). Hence, countries are encouraged to implement plentiful to havethe proposed solution-oriented set of these standards specially designed to aid SMEs.
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