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Difficulties in the Adoption of IFRS on Small and Medium Enterprises (SMEs) in Brazil

Difficulties in the Adoption of IFRS on Small and Medium Enterprises (SMEs) in Brazil

João Conrado de Amorim Carvalho
Copyright: © 2015 |Pages: 20
ISBN13: 9781466684539|ISBN10: 1466684534|EISBN13: 9781466684546
DOI: 10.4018/978-1-4666-8453-9.ch012
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MLA

Carvalho, João Conrado de Amorim. "Difficulties in the Adoption of IFRS on Small and Medium Enterprises (SMEs) in Brazil." Standardization of Financial Reporting and Accounting in Latin American Countries, edited by Isabel Lourenço and Maria Major, IGI Global, 2015, pp. 275-294. https://doi.org/10.4018/978-1-4666-8453-9.ch012

APA

Carvalho, J. C. (2015). Difficulties in the Adoption of IFRS on Small and Medium Enterprises (SMEs) in Brazil. In I. Lourenço & M. Major (Eds.), Standardization of Financial Reporting and Accounting in Latin American Countries (pp. 275-294). IGI Global. https://doi.org/10.4018/978-1-4666-8453-9.ch012

Chicago

Carvalho, João Conrado de Amorim. "Difficulties in the Adoption of IFRS on Small and Medium Enterprises (SMEs) in Brazil." In Standardization of Financial Reporting and Accounting in Latin American Countries, edited by Isabel Lourenço and Maria Major, 275-294. Hershey, PA: IGI Global, 2015. https://doi.org/10.4018/978-1-4666-8453-9.ch012

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Abstract

In this chapter are showed how cultural factors influence accounting practices in different countries of the world, due to culture after the adoption of IFRS by SMEs in Brazil. It is based on a sample of 120 SMEs located in the state of Maranhão, Brazil. The SMEs were selected from a group that has been receiving accounting and financial advice since 2008. These companies are from a range of different sectors, but have in common the need to arrange bank financing in order to expand their activities. The results suggest that cultural impacts continue to prevail, such as the subordination to tax rules, but the disinterest of stakeholders in financial reporting provides a strong case to postpone the IFRS adoption process.

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