INVESTIGATION INTO THE CHALLENGES OF IFRS; ADOPTION AND IMPLEMENTATION AMONG SMALL AND MEDIUM SCALE ENTERPRISES OPERATORS IN NIGERIA
Abstract This study sought to the challenges of International Financial Reporting Standard (IFRS) adoption and implementation by small and medium scale enterprises in Nigeria. The international accounting standard board (IASB), in its objectives and preamble, suppose that the beneficial effects from IFRS adoption include transparency, accounting quality and reduced cost of capital. Based on these assumptions, this study applied timeliness, simplicity/ understandability, quality, transparency and comparability to find out whether ...
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