TY - JFULL AU - M膬d膬lina Maria G卯rbin膬 and C膬t膬lin Nicolae Albu and Nadia Albu PY - 2012/10/ TI - Convergence of National Regulations with IFRS for SMEs: Empirical Evidences in the Case of Romania T2 - International Journal of Economics and Management Engineering SP - 2435 EP - 2440 VL - 6 SN - 1307-6892 UR - https://publications.waset.org/pdf/11779 PU - World Academy of Science, Engineering and Technology NX - Open Science Index 69, 2012 N2 - The IFRS for Small and Medium-sized Entities (SMEs) was issued in July 2009 and currently regulators are considering various implementation strategies of this standard. Romania is a member of the European Union since 2007, thus accounting regulations were issued in order to ensure compliance with the European Accounting Directives. As the European Commission rejected recently the mandatory use of IFRS for SMEs, regulatory bodies from the Member States have to decide if the standard will affect or not the accounting practices of SMEs from their countries. Recently IASB invited stakeholders to discuss the revision of IFRS for SMEs. Empirical studies on the differences and similarities between national standards and IFRS for SMEs could inform decision makers on the actual level of convergence in different countries. The purpose of this paper is to provide empirical evidences on the convergence of the Romanian regulations with IFRS for SMEs analyzing the results in the context of the last revisions proposed to the EU Accounting Directives. ER -