Challenges To The Adoption Of International Financial Reporting Standards (Ifrs) In Listed Companies In Nigeria
ABSTRACT
This
study investigated the Challenges of International Financial Reporting
Standards (IFRS) Adoption for listed companies in Nigeria. The emergence of
IFRS was a major task for Accountants in Nigeria to transit to, and embrace.
Both primary and secondary data were used in the study, a population of six
(600) Accountants drawn from the pool of one hundred and thirty-eight (138)
listed companies were used. A model was formulated using multiple Regression
Analysis, with functional expression: LOA = f (AEA, TR, CIAAP). The following findings were made,
accounting education and awareness, training resources, and cost of acquiring
accounting packages, all have significant effects on the level of IFRS
adoption. It is therefore recommended that, Tertiary institutions should be
encouraged to integrate International Financial Reporting Standard modules into
their programs, in order to produce better equipped graduates who are IFRS
certified. This will go a long way to reduce the challenges when these
graduates are eventually recruited. Lastly, IFRS adoption in listed companies
in Nigeria should be further improved.
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NWADIGHOHA, E (2023). Challenges To The Adoption Of International Financial Reporting Standards (Ifrs) In Listed Companies In Nigeria. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/challenges-to-the-adoption-of-international-financial-reporting-standards-ifrs-in-listed-companies-in-nigeria-7-2
EPHRAIM, NWADIGHOHA. "Challenges To The Adoption Of International Financial Reporting Standards (Ifrs) In Listed Companies In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 27 Mar. 2023, https://repository.mouau.edu.ng/work/view/challenges-to-the-adoption-of-international-financial-reporting-standards-ifrs-in-listed-companies-in-nigeria-7-2. Accessed 31 Oct. 2024.
EPHRAIM, NWADIGHOHA. "Challenges To The Adoption Of International Financial Reporting Standards (Ifrs) In Listed Companies In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 27 Mar. 2023. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/challenges-to-the-adoption-of-international-financial-reporting-standards-ifrs-in-listed-companies-in-nigeria-7-2 >.
EPHRAIM, NWADIGHOHA. "Challenges To The Adoption Of International Financial Reporting Standards (Ifrs) In Listed Companies In Nigeria" Mouau.afribary.org (2023). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/challenges-to-the-adoption-of-international-financial-reporting-standards-ifrs-in-listed-companies-in-nigeria-7-2