The use of international standards, in particular the full IFRS, which has been passed in 2002, has become mandatory for all listed companies in the European Union. But in the European Union more than 98 % of the enterprises, however, are small- and medium-sized enterprises, which use different national accounting standards. Given the structure of the European company and given the fact that the full IFRS are too complex and comprehensive, the IASB decided to develop separate standards for small- and medium-sized enterprises, which has been published in 2009. The specific standard was launched with the aim to harmonize SMEs financial reporting. Since the adoption of the SME standard was introduced, more than 80 jurisdictions have already adapted the IFRS for SMEs. Austria is among those countries which rejected the implementation of this particular accounting standard. Thus, the aim of this thesis is to find out the viewpoints of Austrian small and medium-sized enterprises to International Financial Standard for Small- and Medium-sized Enterprises. In order to come to a conclusion, an electronic survey was carried out investigating Austrian companies. The companies were contacted and asked to participate in the survey via email. Overall the study results reveal that Austrian companies mainly use the Austrian Commercial Code (UGB) and only a small number of companies apply International Financial Reporting Standards. Additionally, the study showed that Austrian SMEs have very little interest for IFRS for SMEs. Also the disadvantages associated with the use of international standards have been rated higher than the benefits.