International records / OpenAlex research

Harmonization of Accounting Policies and Frameworks: Issues and Challenges for A Developing Economy

This study critically examines the harmonization of accounting policies and frameworks in Nigeria, with particular emphasis on the adoption and implementation of International Financial Reporting Standards (IFRS). It explores the key issues, challenges, and prospects associated with aligning Nigeria’s financial reporting practices with globally accepted standards. The findings reveal that while harmonization offers significant benefits such as improved transparency, enhanced investor confidence, and greater access to international capital markets, the implementation process is fraught with sub…