Effects Of International Financial Reporting Standard In Delivery Of Reliable Accounting Information

ABSTRACTAs the forces of globalization prompt more and more countries to open their doors to foreign investments and as businesses expand across borders, this has led to recognition of the benefits of having a commonly understood financial reporting framework supported by strong global accepted accounting standards. The circumstances that necessitated this recognition arose out of the need for reliability, in respect of financial information being disclosed in the published financial statement of various enterprises in various countries. The adoption of IFRS has therefore become an issue of gl…