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IFRS Roadmap for Nigeria established

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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:


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