IFRS Roadmap for Nigeria established
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:
