Accounting Standards for Small- and Medium-Sized Enterprises in ASEAN

Abstract

Our research will investigate the accounting standards applied to SMEs in ASEAN and the manner in which those standards are spread to SMEs. After we investigate the challenges faced by SMEs in ASEAN nations when utilising the accounting standards as well as the measures with which to conquer such challenges, we will develop and recommend public policies. Our research will also clarify the gap between ideals and the reality of the introduction of international accounting standards, including IFRS and IFRS for SMEs, and determine if it is progressing smoothly or not. After we identify the reality and challenges of the accounting system for SMEs in the ASEAN region, we can clearly determine what type of public policy should be created throughout ASEAN or the individual nations. With a public policy in effect, we foresee improvement in the ability of SMEs in ASEAN to obtain financing.