The international symposium on international accounting has been reanimated over the last few years by an interesting debate concerning the usefulness and the development of an ad hoc set of accounting standards for Small and Medium Entities (SMEs). This paper aims at analyzing the main issues arisen from the recent worldwide or regional experiences in accounting standards for nonpublic companies. After having analyzed the existing legislation and literature, the research examines, applying the comparative method, the approach and main guidelines which led to the publication of the IFRS for SMEs by IASB, the new accounting directive (directive 2013/34/EU) published by the European Union and the US GAAP for the nonpublic companies enacted by the FASB. The research focuses on the applicability of international GAAP for smaller entities and the relation and significant differentiation between “big GAAP” and “little GAAP”. The conclusion tries to theorize, at the light of the current trend, some future development and comes to the conclusion that generally accepted accounting standards for SMEs are not a feasible and satisfactory aim.
Il bilancio delle PMI nel contesto internazionale
POZZOLI, Matteo
2015-01-01
Abstract
The international symposium on international accounting has been reanimated over the last few years by an interesting debate concerning the usefulness and the development of an ad hoc set of accounting standards for Small and Medium Entities (SMEs). This paper aims at analyzing the main issues arisen from the recent worldwide or regional experiences in accounting standards for nonpublic companies. After having analyzed the existing legislation and literature, the research examines, applying the comparative method, the approach and main guidelines which led to the publication of the IFRS for SMEs by IASB, the new accounting directive (directive 2013/34/EU) published by the European Union and the US GAAP for the nonpublic companies enacted by the FASB. The research focuses on the applicability of international GAAP for smaller entities and the relation and significant differentiation between “big GAAP” and “little GAAP”. The conclusion tries to theorize, at the light of the current trend, some future development and comes to the conclusion that generally accepted accounting standards for SMEs are not a feasible and satisfactory aim.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
