A research report submitted to the Faculty of Commerce, Law and Management at the University of the
Witwatersrand in partial fulfilment of the requirements for the degree of Masters in Commerce. Johannesburg, 02 August 2017 / The purpose of this study was to obtain an understanding of the current perceptions of South African
practitioners regarding the application of the IFRS for SMEs in the South African SME sector. This
understanding would help assess whether the initial scepticism displayed when the IFRS for SMEs was
first introduced in South Africa, has changed, and would also help assess what the drawbacks and
benefits of the application of the IFRS for SME’s in South Africa are.
The perceptions of South African practitioners were analysed by reference to two phases- first according
to the results of a structured questionnaire that was issued to a sample of SAIPA practitioners, and then
according to the results of semi-structured interviews conducted with thirteen South African
practitioners.
The primary conclusion drawn is that there appears to be an overall acceptance of the IFRS for SMEs in
South Africa although there are also certain challenges of its application and certain aspects that affect
the value of using the IFRS for SMEs as an accounting reporting framework. The uniformity that the IFRS
for SMEs brings seems to be one of the more significant advantages. Factors, however, such as the age
of the population of the practitioners; the use of automated software systems; and the legislative
requirements regarding the application of the IFRS for SMEs, affect the relative merit of using the
standard.
Keywords: practitioners; IFRS for SMEs / GR2018
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:wits/oai:wiredspace.wits.ac.za:10539/24343 |
| Date | January 2017 |
| Creators | Mohamed, Waheeda |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Format | Online resource (123 leaves), application/pdf |
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