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Nigerian Committee reports on the road map for the adoption of IFRSs

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06 Jan 2011

The Securities and Exchange Commission of Nigeria has published the Report of the Committee on Road Map to the Adoption of International Financial Reporting Standards in Nigeria.

Nigeria will adopt IFRSs in a staged implementation from 2012 on. The report discusses various areas for consideration by stakeholders in order to ensure effective adoption of IFRS in Nigeria and contains recommendations for the amendment of various laws and regulations to ensure uniformity and remove conflicts and ambiguity.
Click for more information on the financial reporting framework in Nigeria is available on our Nigeria country page.

 

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