CHALLENGES AND DIFFICULTIES FOR MICRO-BUSINESSES IN ADAPTING IFRS FOR SMES REQUIREMENTS: KOSOVO EVIDENCE

Small and medium-sized enterprises (SMEs) have a vital position in the international economy. The study aims to examine compulsory financial reporting requirements set by Kosovo Council for Financial Reporting (KCFR) as well SMEs reviewing current classification context. This study, like most relevant studies, employs ordinal probit regression relationships among defined dependent variables other control such necessary reclassification review under KCFR, preferred experience knowledge of accountants auditors, continuously education concerning reporting, assessments business owners. According reported conclusions, application these context does not create any opportunities SMEs. On contrary, findings point thorough micro-businesses, appears be burden businesses.