Date…………………………..

To whom it may concern.

This letter serves to certify that Hazel Mhandu student number C15125244W is a final year
student in the department of Accounting at Chinhoyi University Of Technology. She is
carrying out a research entitled: ‘’Challenges of IFRS adoption and implementation amongst
small and medium enterprise operators in Harare Zimbabwe.’’

May you kindly assist her carry out this project by answering the following questions. The
research is purely for academic purposes and therefore the results will be treated
confidentially and professionally.

Thank you.

E Muguti [Mr.]

ACADEMIC SUPERVISOR.
 Questionnaires for Retail Shops and Manufacturing Firms

Introduction

My name is hazel Mhandu and I am pursuing a Bachelor of Commerce (Hons) degree in

Accounting at Chinhoyi Unversity Of Technology. I am carrying out a research on
’’Challenges of IFRS adoption and implementation amongst small and medium enterprise
operators in Harare Zimbabwe.’’ May you please kindly complete this questionnaire and
return it. The information you supply will be used solely for the purpose of this research and
shall be handled with great confidentiality. There will be no disclosure of the respondent
whatsoever.

Directions

 Tick the boxes provided. Explain your answer in the blank spaces provided
 If your response is yes tick the box adjacent to Yes, if your suggestion is no then tick
the box adjacent to No.
 If you are not certain about how to respond to any given question please skip the
question and go to the next one.

Name of organisation ……………………………………………………….

Date……………………………………………………………………………

Organisation Stamp ………………………………………………………….

1.a) For how long have you been working at your organisation?

Five (5) years and below

Five (5) Years and below

b) Position you hold in your organisation ……………………………………………..

c) Number of employees in your organisation. (Tick one)

below 40
between 40-100
Above 100

2. Are your financial statements audited?

Yes

No

3.b) Do you have an internal audit department?

Yes

No

b) Does it work in hand with your External Auditors in addressing revised and new
accounting standards.

Yes

No
4.a) Are you aware of IFRS for SMEs?

Yes

No

b) If your answer is No above which financial reporting framework do you use when
preparing financial statements?

…………………………………………………………………………………………………
…………………………………………………………………………………………………
…………………………………………………………………………………………………
………

5.a) Have you adopted IFRS for SMEs?

Yes

No

b) If No. do you have plans to adopt it?

Yes

No

6. Have you been using full IFRS?

Yes

No
7. Is there any differences between full IFRS and IFRS for SMEs?

Yes

No

Not sure

If your answer is Yes above then what might be the specific regulations?

…………………………………………………………………………………………………
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………

8. Can specific regulations be put aside to ensure compliance on IFRS

Implementations?

Yes

No

Not sure

9. In your opinion, to what extent does IFRS for SMEs likely to enhance financial
reporting?

Greater Extent

Limited Extent

No
If your answer is Yes in question 9 above then what are the benefits?

a. Improve financial reporting

b. Attract foreign investors
If any others, can you specify below.
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10. Is IFRS for SMEs benefiting Harare?

Yes

No

If your answer is yes above the what are the challenges?

a. Additional cost of reporting

b. Client reluctance to adopt IFRS For SMEs

c. Satisfaction of users information needs

d. Inadequate training and skills

e. Complexity and suitability of the standard

If any others can you specify below.

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11. Are you facing any challenges in implementing the IFRS for SMEs?

Yes

No