Ounongo Repository >
Management Sciences >
Please use this identifier to cite or link to this item:
|Title: ||State of IFRS in Namibia.|
|Authors: ||Maliti, Paul|
|Keywords: ||International Financial Reporting Standards Workshop, 2009, Windhoek|
Financial reporting standards - Namibia
IFRS Workshop, 2009, Windhoek
|Issue Date: ||2009|
|Publisher: ||Institute for International Research (IIR).|
|Citation: ||Maliti, P. (2009). State of IFRS in Namibia. Johannesburg: IIR Training.|
|Abstract: ||This paper looks at the extent of adoption and subsequent compliance with IFRS in Namibia. It is based on undergraduate researches undertaken by students of
the Polytechnic of Namibia, in their final year of study for the Bachelor of
Technology in Accounting and Finance.
The main problems that were researched included the following: The assumption that IFRS are not appropriate and therefore, should not be applicable to small economies like that of Namibia; That adoption of IFRS is an expensive venture because they require
special skills in accounting; That IFRS do not add value to financial statements.
The objectives of the various investigations included: Reasons for non-adoption of certain IFRS; Problems associated with adoption of IFRS; Benefits, if any, arising from adoption of IFRS; Conclusions and recommendations.
The researches covered both financial and non-financial entities, reporting
entities and their external auditors. However the studies were limited in scope
due to lack of funding and limited time.|
|Description: ||Paper presented at the IFRS Namibia Workshop, 2009, Windhoek Namibia.|
|Appears in Collections:||Accounting|
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.