Importance of Applying International Financial Reporting Standards (IFRS) in Small and Medium-sized Enterprises (SMEs)

International Financial Reporting Standards (IFRS) were designed to simplify and adapt international accounting requirements to the realities of small and medium-sized enterprises without compromising the quality of financial information. These standards represent an important advance in the history of accounting, by providing a more accessible and less expensive framework that facilitates the comparison of financial statements worldwide. This article analyzes the companies IPS Vida Ser Eu and ASISAgro. This implementation made it possible to determine the financial situation of the companies and how the application of these standards significantly improves the quality of financial information. The key is to have a clear plan, seek available resources and move steadily towards compliance with IFRS, adapting the process to their specific resources and needs. The implementation of these standards for SMEs is complex, but by taking advantage of resources and seeking external support, companies can successfully navigate this process.