Auditors in Convergence with Corporate Financial Reporting and International Financial Reporting Standard in Nigeria

Abdulrahman, S; David, A. A

doi:10.46281/ijfb.v2i1.93

Abdulrahman, S Department of Accounting, Faculty of Social and Management Sciences, Bauchi State University, Gadau, Bauchi State, Nigeria
David, A. A Department of Accounting, Faculty of Social and Management Sciences, Bauchi State University, Gadau, Bauchi State, Nigeria

DOI: https://doi.org/10.46281/ijfb.v2i1.93

Keywords: Corporate Financial Reporting (CFR), International Financial Reporting Standard (IFRS), External Auditors, Survey Method, Questionnaire, Chi-square Statistical Techniques.

Abstract

The study looked at the challenges faced by the Nigerian Auditors in compliance with IFRS. The study uses the survey method to obtain information from sampled audit firms. Data were obtained through questionnaires and were analyzed with the use of chi-square statistical technique. It was discovered that the major challenges befalling auditors is the issue of adequate training and it was therefore recommended that auditors should train themselves through attending workshops, seminars, professional training and by getting materials that would assist in addressing this challenges and also train their clients to this effect.

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