The findings of this study confirm the two-group classification scheme in Fig. 2 and Nobes (2008) hypothesis that “weak equity” countries are slower to converge their national systems with IFRS. The pattern of adoption of IFRS for different purposes by
the 30 African countries reveals a clear dichotomy between Class A (strong equity,commercially driven) and Class B (weak equity, government-driven, tax dominated) accounting systems on the continent.