The IFRS standard for small and medium-sized entities – another challenge for the Romanian accounting?

In the early 2000s, the accounting has been connected to the international realities. From that moment on, we have witnessed an extraordinary dynamic of the Romanian accounting, evidenced by the many changes that have occurred in the accounting rules. Internationally, the dynamism is also the main feature of today's accounting. We witness almost annually the reconsideration of the international accounting referential. In this context of the frequent changes that occur in the accounting aria, the IASB launched the International Financial Reporting Standards for Non-Publicly Accountable Entities (formerly Small and Medium-Sized Entities), a controversial approach in the international accounting. The objectives of this paper will be followed on two levels: first, we will put forth the position of different countries on this IASB initiative and second, we will show, by the means of a positive research based on an empirical study, the attitudes of professional accountants in Romania towards the possible implementation of the IFRS for NPAEs in the Romanian accounting in the next period..