Auditors in Convergence with Corporate Financial Reporting and International Financial Reporting Standard in Nigeria
Keywords:
Corporate Financial Reporting (CFR), International Financial Reporting Standard (IFRS), External Auditors, Survey Method, Questionnaire, Chi-square Statistical Techniques.
Abstract
The study looked at the challenges faced by the Nigerian Auditors in compliance with IFRS. The study uses the survey method to obtain information from sampled audit firms. Data were obtained through questionnaires and were analyzed with the use of chi-square statistical technique. It was discovered that the major challenges befalling auditors is the issue of adequate training and it was therefore recommended that auditors should train themselves through attending workshops, seminars, professional training and by getting materials that would assist in addressing this challenges and also train their clients to this effect.
References
Anne, B. F., Elien M. Kraft, & Paul B. (2009). The Globalization of Accounting Standards: IFRS versus us GAAP” Global journal of Business Research
Aidan, L. & Mark (2010). Accounting Standards Economics & Environmental Science Library & Research service
Arnt, V., Ann, G., & Daniel B. T. (2010). Corporate Governance and Properties of IFRS adoption
Adeniyi, A. A. (2010) Auditing and Assurance Services, 1st edition, Lagos, Values Analysis consult.
Antwi, Kofi, Gyasi (2010), Adoption of International Financial Reporting Standards in Developing Countries.
Barth, E., Mary, Landsman, R, Wayne, Lang, H, Marmk (2008), International Accounting Standards and Accounting Quality; journal of Accounting Research
Chand, Pramod, White, Micheal (2007), A Critique of the influence of the globalization and convergence of accounting standards in Fiji, critical perspective on accounting
Chen, Huifa, Tang, Qingliang, Jiango, Lin, Zhinjun, (2010), the role of IFRS in accounting Quality: Evidence from the European Union; journal of international Financial Management and Accounting
Clare, F. (2010) A student’s Guide to International Financial Reporting Standards. Third Edition, Kaplan publishing UK Millers Lane Wokingham
Devid C. (2012), International Accounting Standards. A review of the Standards.
Hassan I (2012) Adoption of International Financial Reporting Standards: Challenge for Auditors. Research project submitted to the Department of Accounting Bayero University Kano
Institute of chattered Accounting of India (2nd) Accounting Standards.
IFAC (2010) Handbook of the code of ethics for the professional Accountants.2010 edition.
Kaerhik, Ramanna, Ewa, & Sletten (2009), Why do countries adopt International Financial Reporting Stand
Lantto, Anna-Maija, & Sahlstrom, Petri (2009), Impact of International Financial Reporting Standard Adoption on Key Financial Ratios: Accounting and Finance.
NASB (2010), Report of Committee on road Map to the Adoption of International Financial Reporting Standards in Nigeria
Nobes, C. & Parker R. (2004), Comparative International Accounting, Prentice Hall, England.
Pawan, Jian (2011), IFRS implementation in India: opportunities and Challenges: World journal of Social Science
Steffee, S (2009) IFRS Discrepancies vary by country, company?
Yusuf M. A, et al. (2006) Readings in Social Sciences Research, Knao Adamu Joji Publishers.
Yamane T. (1967). “Statistics, an Introductory Analysis, 2nd Education, New York: Harper and Row.
Aidan, L. & Mark (2010). Accounting Standards Economics & Environmental Science Library & Research service
Arnt, V., Ann, G., & Daniel B. T. (2010). Corporate Governance and Properties of IFRS adoption
Adeniyi, A. A. (2010) Auditing and Assurance Services, 1st edition, Lagos, Values Analysis consult.
Antwi, Kofi, Gyasi (2010), Adoption of International Financial Reporting Standards in Developing Countries.
Barth, E., Mary, Landsman, R, Wayne, Lang, H, Marmk (2008), International Accounting Standards and Accounting Quality; journal of Accounting Research
Chand, Pramod, White, Micheal (2007), A Critique of the influence of the globalization and convergence of accounting standards in Fiji, critical perspective on accounting
Chen, Huifa, Tang, Qingliang, Jiango, Lin, Zhinjun, (2010), the role of IFRS in accounting Quality: Evidence from the European Union; journal of international Financial Management and Accounting
Clare, F. (2010) A student’s Guide to International Financial Reporting Standards. Third Edition, Kaplan publishing UK Millers Lane Wokingham
Devid C. (2012), International Accounting Standards. A review of the Standards.
Hassan I (2012) Adoption of International Financial Reporting Standards: Challenge for Auditors. Research project submitted to the Department of Accounting Bayero University Kano
Institute of chattered Accounting of India (2nd) Accounting Standards.
IFAC (2010) Handbook of the code of ethics for the professional Accountants.2010 edition.
Kaerhik, Ramanna, Ewa, & Sletten (2009), Why do countries adopt International Financial Reporting Stand
Lantto, Anna-Maija, & Sahlstrom, Petri (2009), Impact of International Financial Reporting Standard Adoption on Key Financial Ratios: Accounting and Finance.
NASB (2010), Report of Committee on road Map to the Adoption of International Financial Reporting Standards in Nigeria
Nobes, C. & Parker R. (2004), Comparative International Accounting, Prentice Hall, England.
Pawan, Jian (2011), IFRS implementation in India: opportunities and Challenges: World journal of Social Science
Steffee, S (2009) IFRS Discrepancies vary by country, company?
Yusuf M. A, et al. (2006) Readings in Social Sciences Research, Knao Adamu Joji Publishers.
Yamane T. (1967). “Statistics, an Introductory Analysis, 2nd Education, New York: Harper and Row.
Published
2018-03-14
How to Cite
S, A., & A. A, D. (2018). Auditors in Convergence with Corporate Financial Reporting and International Financial Reporting Standard in Nigeria. Indian Journal of Finance and Banking, 2(1), 63-73. https://doi.org/10.46281/ijfb.v2i1.93
Section
Regular Research Article/ Short Communication Article
Copyright (c) 2018 Abdulrahman, S, David, A. A
This work is licensed under a Creative Commons Attribution 4.0 International License.
