This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IFRS Roadmap for Nigeria established

  • Nigeria Image

07 Sep 2010

Further to our previous story, further details about IFRS adoption in Nigeria have been released.

The Nigerian Accounting Standards Board (NASB) has announced a staged implementation of IFRS, as follows:
  • Publicly listed entities and significant public interest entities are expected to implement IFRS by 1 January 2012
  • Other public interest entities are expected to implement IFRS by 1 January 2013
  • Small and medium-sized entities are expected to implement by 1 January 2014.

NASB has also been directed by the Nigerian government to immediately create a centre of excellence to cater for regulators, auditors and other professional accountants in the understanding of the IFRS. Click for:

 

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.