Abstract:
The study looked at the following research problems: That IFRS is not appropriate for small national economies and small entities; That IFRS is an expensive venture especially for small entities and for local entities; That IFRS makes no value addition, but is only for general-purpose financial statements.
The objectives of the research were to establish: The reasons for non-adoption or compliance; The technical problems with IFRS adoption or compliance; The benefits of IFRS, if any.
