Adoption of International Financial Reporting Standards (IFRS) and environmental upgrade reporting in Nigeria
Ayodeji Ajibade (Babcock University)
Paper short abstract:
The study will investigate whether Nigeria's alignment with the rest of the world in adopting International Financial Reporting Standard (IFRS) as a form of globalisation is paying off or not with regard to environmental upgrade reporting.
Paper long abstract:
A notable feature of the world economy since the Second World War has been the globalization of economic activity. This has enhanced the global and regional value chains and thus given rise to the spread of people, technologies and concepts in addition to goods and services, round the world. This has also given opportunities to different economies/countries to compare their indigenous goods, services and practices with that of other nations which has subsequently resulted to collaborations and improvements on various goods, services and practices to meet up with the globally acceptable standard. Over half of the countries in Africa also toed the path of globalisation by adopting the international financial reporting standard (IFRS) with the expectations of promoting uniformity, globalization and enhancement of international trade. The adoption of IFRS has however affected different economies in different ways. It is therefore pertinent to determine the extent to which the adoption of IFRS has affected environmental reporting in Nigeria, usually referred to as the giant of Africa.
- Acting on Climate change and the environment