Abstract
This present research study has posed as its main objective to analyze whether or not small enterprises are currently adopting and implementing IFRS in Uchumayo, Arequipa. For this specific purpose, a questionnaire containing nine questions all with satisfactory levels of validity and reliability was developed and applied to 40 representatives or small business accountants of said district. To this end, the results indicate that most of these entities, despite having understood the importance and relevance of the adoption and implementation of IFRS, and having made notable investments in technology and minimal investments in human resources, know very little about these rules and regulations. These findings reflect an inadequate handling (management) and application, thus, bringing about a moderate and non-optimal result.