Question Tag: Nigerian Stock Exchange

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AAA – Nov 2012 – L3 – AII – Q7 – Regulatory Framework and Professional Standards

Defines the role of a chartered accountant reporting under CAMA and NSE listing requirements.

A chartered accountant in public practice, who is engaged to report under the relevant provisions of the Companies and Allied Matters Act, CAP. C20, LFN 2004, and the listing requirements of the Nigerian Stock Exchange is known as …………….

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CR – Nov 2016 – L3 – Q7a – Regulatory Environment for Corporate Reporting

Provide a report on the essence, merits, and challenges of IFRS adoption in Nigeria.

ABC Plc, in accordance with Nigerian Stock Exchange regulations on transitioning to IFRS, prepared its first IFRS Financial Statement in 2012. The document, spanning 155 pages, was complex for some stakeholders to understand.

You are required to prepare a brief report, highlighting the essence and merits of the adoption of IFRS by Nigerian Companies and state some of the challenges that could be encountered. (10 Marks)

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AAA – Nov 2012 – L3 – AII – Q7 – Regulatory Framework and Professional Standards

Defines the role of a chartered accountant reporting under CAMA and NSE listing requirements.

A chartered accountant in public practice, who is engaged to report under the relevant provisions of the Companies and Allied Matters Act, CAP. C20, LFN 2004, and the listing requirements of the Nigerian Stock Exchange is known as …………….

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CR – Nov 2016 – L3 – Q7a – Regulatory Environment for Corporate Reporting

Provide a report on the essence, merits, and challenges of IFRS adoption in Nigeria.

ABC Plc, in accordance with Nigerian Stock Exchange regulations on transitioning to IFRS, prepared its first IFRS Financial Statement in 2012. The document, spanning 155 pages, was complex for some stakeholders to understand.

You are required to prepare a brief report, highlighting the essence and merits of the adoption of IFRS by Nigerian Companies and state some of the challenges that could be encountered. (10 Marks)

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