The Relevance of International Financial Reporting Standards for Small and Medium Sized Entities (IFRS for SMEs) in Swaziland

The purpose of this study is to explore the relevance of imposing IFRS for SMEs in Swaziland so as to determine if IFRS for SMEs can be the answer to better reporting by local SMEs. There has been a growing need for different reporting standards for small firms and big firms over the years due to the unique challenges and attributes they face especially in the area of financial reporting as well as the increasingly significant roles they play in the economies of most countries. SMEs all over the world need a financial accounting and reporting framework which would be simple, understandable and user-friendly.