Task: Please assist with the following issues, challenges and lessons with IFRS Adoption in Nigeria.
Q1. 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
Q2. Government effort
a. Government compliance
b. Government influence for compliance by private entities
c. Civil unrest and war in enforcing compliance
Q3. 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.