1. Introduction
The Nigerian government, through the approval of the Nigerian Executive Council on 28th July, 2010, took a stand to adopt the International Financial Reporting Standards (IFRS) in Nigeria. The local accounting standard-setting body in Nigeria, the Nigerian Accounting Standards Board (NASB), subsequently published a road map for a staged implementation of IFRS adoption in Nigeria in September 2010, with January 2012 set to be the take-off date for publicly quoted companies and significant public interest entities (Adeyemo and Isenmila [1]; Odia and Ogiedu, [2]; Ayuba, [3]
1. IntroductionThe Nigerian government, through the approval of the Nigerian Executive Council on 28th July, 2010, took a stand to adopt the International Financial Reporting Standards (IFRS) in Nigeria. The local accounting standard-setting body in Nigeria, the Nigerian Accounting Standards Board (NASB), subsequently published a road map for a staged implementation of IFRS adoption in Nigeria in September 2010, with January 2012 set to be the take-off date for publicly quoted companies and significant public interest entities (Adeyemo and Isenmila [1]; Odia and Ogiedu, [2]; Ayuba, [3]
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