Final answer:
The objection to the adoption of IFRS for small businesses is that they have to comply with regulations meant for large corporations. This can be burdensome due to the complexities and costs involved, diverting attention and resources from core business activities.
Step-by-step explanation:
The objection to the adoption of IFRS (International Financial Reporting Standards) for small businesses is that they must expend resources complying with regulations that were primarily designed for large corporations.
These regulations can be burdensome for small businesses due to the complexities and costs involved in implementing the necessary accounting and reporting procedures.
Small businesses often lack the resources and expertise to handle these requirements, which can divert their attention and resources away from core business activities.