Challenges and lessons with ifrs adoption in nigeria


Please assist with the given issues, challenges and lessons with IFRS Adoption in Nigeria. I have provided some main points I will need to discuss.

1) Implementation of the plan

a. Is there compliance

i. What is the level of compliance at this point?
ii. What are the plans to expand the implementation

b) Proposals for more, higher levels of compliance

i. What changes have been made
ii. How likely are these changes to work for higher compliance

2) Government effort

a. Government compliance
b. Government influence for compliance by private entities
c. Civil unrest and war in enforcing compliance

3) The compliance efforts of international companies in Nigeria

a. MNCs and transnational companies complying?

i. Have the international companies complied
ii. Is there compliance influencing local companies

b. Checks and balances for Nigeria and international companies

https://article.sapub.org/pdf/10.5923.j.economics.20120001.10.pdf.

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