WASET
	%0 Journal Article
	%A Cătălin Nicolae Albu and  Nadia Albu and  Maria Mădălina Gîrbină
	%D 2013
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 76, 2013
	%T Accounting for SMEs – How Important is Size in Choosing between Global and Local Standards?
	%U https://publications.waset.org/pdf/12832
	%V 76
	%X There is limited evidence from various countries
about the possible impact of various criteria to be used to determine
the scope of the IFRS for SMEs issued in 2009 and, research is
needed in this area. We provide evidence from Romania, an
emerging economy member of the European Union. The aim of this
paper is to analyze in a local setting if size is a relevant factor for
deciding between local and global standards for SMEs. Our results
indicate that size is a moderate indicator of the existence of possible
users interested in financial statements and that there is a difference
between the scopes of the standard determined on various criteria..
Also, we suggest that the international exposure is quite reduced in
the case of SMEs, but is sufficient to suggest that at least some SMEs
would benefit from international comparability of financial
statements
	%P 958 - 962