IMPLEMENTING SME’S IFRS ON MICRO-COMPANIES ISSUES

The most vehement among the actual debates regarding IFRS for SMEs is with no doubt, that one regarding the application of international norm to microenterprises. The actual paper treats the suitable character of project IFRS for SMEs for very small entities and the relation between microentities and the main group of financers – credit suppliers. We sustain the criteria promoted by the European Union for the delimitation of a group of entities of small size - microentities which will benefit from easy accounting norms and we don’t agree to impose IFRS for SMEs to all the entities unlisted.