The Relevance of Applying IFRS for SMEs in Jordan: An Explanatory Study from the Jordanian Auditors' Viewpoint

Mishiel Said Suwaidan, Mahmoud Hassan Qaqish, Hanady Turki Bataineh, Lina Jamal Hammad


This study aimed at investigating the perceptions of a sample of Jordanian auditors about the relevance of applying international reporting standards for small - and medium- size enterprises (SMEs) in Jordan. To achieve this objective, a questionnaire was developed and distributed to (145) auditors. Of the 145 distributed questionnaires, 94 questionnaires were returned and used in the analysis. In addition, for more clarification of the reasons behind the delay in applying the standards in Jordan, an interview was conducted with the Chairman of the Jordanian Association for Certified Public Accountants. The results of the study indicated that there is a support for the existence of standards for SMEs and that these standards serve the informational needs of the users of financial reports of these enterprises. The results also indicated that one of the main obstacles facing the application of these standards in Jordan is the lack or, sometimes, the absence of an internal control system in these enterprises. In addition, other reasons for the delay in applying the new standards were: the continuous change in people who represent the higher commission, as well as the absence of a clear agreed upon definition of what constitute small and medium enterprises. The study recommended to pay more attention to these standards through holding lectures and training seminars at universities and in professional societies to educate interested parties about these standards and the importance of SMEs in the Jordanian economy.


Explanatory study, Jordanian auditors, International reporting standards, Small and medium-size enterprises.

Full Text:



  • There are currently no refbacks.