Practical implementation issues of IFRSs in Nigeria: Fair value measurement as a challenging matter
- Author: United Nations Conference on Trade and Development
- Main Title: International Accounting and Reporting Issues - 2009 Review , pp 109-121
- Publication Date: December 2011
- DOI: https://doi.org/10.18356/a06b4e73-en
- Language: English
The Nigerian Accounting Standards Board (NASB) was following its own approach to accounting standards setting. It adhered to an extensive due process in the development of its standards. This process was considered essential for ensuring that all parties were given ample opportunity to express their views and to ensure that the standards, practices and guidelines so developed, were relevant, consistent and logically derived. The NASB had always been directed by the Governing Council drawn from organizations having an operational interest in financial reporting. The constituents that made up the board were expected to use their best endeavour to persuade their members and the organizations they deal with to comply with all relevant accounting standards. They were also permitted to administer their own punitive measures on entities that failed to comply with the standards.
© United Nations
ISBN (PDF):
9789210541145
Book DOI:
https://doi.org/10.18356/1567c981-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Nigeria
-
From This Site
/content/books/9789210541145c009dcterms_title,dcterms_subject,pub_keyword-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution105
/content/books/9789210541145c009
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5