Africa does not need IFRS

Aida Sy and Tony Tinker

African Journal of Accounting, Auditing and Finance, 2013, vol. 2, issue 1, 1-8

Abstract: A great deal of hype surrounds the so-called revolution in accounting standard setting. The International Financial Reporting Standards (IFRS) enterprise aims to introduce a single global accounting and financial reporting language that would standardise reporting practices throughout the globe. There are several reasons why this vision may not hold, and therefore Africa should be wary. First, there are many obstacles for any US option. Second, International Financial Standards Board (IFSB) has failed to create a uniform set of standards.

Keywords: International Financial Reporting Standards; IFRS; Financial Accounting Standards Board; FASB; European Union; EU; convergence; Securities and Exchange Commission; SEC; Africa; USA; United States. (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=55476 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ajaafi:v:2:y:2013:i:1:p:1-8

Access Statistics for this article

More articles in African Journal of Accounting, Auditing and Finance from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().