Considering that at international level, standards developed by the IASB are imposed irremediably and that IFRS for SMEs was built based on them, we think this accounting standard will always present a challenge for small entities. We believe that professional institutions are influenced in their opinions on the IFRS for SMEs by accounting culture of geographical space in which these institutions operate. In this paper we tried to demonstrate existence of the influence of accounting culture,

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... ng a study regarding IFRS for SMEs, conducted by the EU Commission in the Member States.