Adoption And Implementation Of International Financial Reporting Standards (ifrs); Issues And Challenges To Nigeria Economy

ABSTRACTThis study focused on the process of Adopting and Implementing the International Financial Reporting Standards (IFRS) on a developing economy, with particular reference to Nigeria, the benefit and challenges of adoption bearing in mind the prevailing domestic legal and regulatory framework of accounting, awareness campaign and training of personnel. This study based on the data obtained from primary and secondary sources in the context of globalization of International Financial Reporting and the adoption of International Financial Reporting Standards (IFRS). Nigeria has embraced IFRS …