International reporting standards adoption in Nigeria matter arising
This paper explores the prospects and problems of IFRS adoption in Nigeria whose implementation roadmap began in 2012.After considering the historical evolution of IFRS, the analysis shows that a lot need to be done by the regulators especially the Financial Reporting Council of Nigeria (FRCN) to st...
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| Main Author: | |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/13106/1/40.pdf http://repo.uum.edu.my/13106/ http://www.uumicg2014.com/ |
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| Institution: | Universiti Utara Malaysia |
| Language: | English |
| Summary: | This paper explores the prospects and problems of IFRS adoption in Nigeria whose implementation roadmap began in 2012.After considering the historical evolution of IFRS, the analysis shows that a lot need to be done by the regulators especially the Financial Reporting Council of Nigeria (FRCN) to stem the tide of negative consequences that the wholesome adoption may bring especially on IFRS adoption by SMEs.The study recommends that SMEs be allowed to revert back to NIG. GAAP over a period of time long enough to address problem areas like infrastructural decay,
trained work force etc. |
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