Reasons for the Delay in Implementing ““Standards of International Accounting ““(IAS) of “Small and Medium Sized Enterprises” in Jordan: An Exploratory Study from the Perspective of Auditors in Jordan

Abstract

This study aimed to investigate perceptions of the auditors in Jordan about the causes of the delay in applying ““Standards of International Accounting ““(IAS) for “Small and Medium Sized Enterprises” in Jordan. To accomplish the aims of this study, a questionnaire was built to collect data, and eighty copies where distributed to the individuals of the sample. They were chosen using simple random sample method. The study reached a set of results from the most important of them:

1. The accounting systems used, the weak experience of the financial reports preparers and the high costs delay the implementation of international standards for “Small and Medium Sized Enterprises” in Jordan.
2. Existence of an effect (the accounting systems used, the experiences of financial reporting preparers, the cost of preparing financial reports) in applying ““Standards of International Accounting ““(IAS) for “Small and Medium Sized Enterprises”, where they explain (74.9%) of the variance in the implementation of “Standards of International Accounting “(IAS) for “Small and Medium Sized Enterprises”.

The study recommends those in charge of managing “Small and Medium Sized Enterprises” to embrace accounting systems sufficiently to implement “Standards of International Accounting “ (IAS) in ““Small and Medium Sized Enterprises””, or to adapt these systems for proper implementation of the standards in “Small and Medium Sized Enterprises”.