The Move to IFRS in the Nigerian Financial Market

by CIFM
(Toronto, Canada)

This seminar/workshop is organised by the Canadian Institute of Finance and Management (CIFM) and being co-hosted by Rich Consulting, Lagos.

By the end of this year, the need for IFRS specialists in the Nigerian Finance sector will rise more than before:

The Central Bank of Nigeria has told Nigerian banks to adopt the International Financial Reporting Standards by December 2010.

• Nigerian Stock Exchange has also given all companies that are listed on the exchange to adopt the standard by December 2011.

• Some of the financial institutions have already started the adoption of the IFRS. This is seen as a key in restoring confidence to the battered sector.

• The adoption or convergence with IFRS will require significant re-training of local accountants and a change in the general financial reporting culture of businesses in the country. This will be a small price compared to the resultant benefits.

• Impact of IFRS Adoption on Nigerian organisations and their major trading partners (European Union, HongKong, Australia and South Africa) : Increase in the attractiveness for such organizations to do business in Nigeria because of the alignment in the reporting standards as such entities are familiar with IFRS.

• The Accounting Standards Board of Japan has been accelerating its revision of Japanese accounting standards to minimize differences with IFRS standards.

• India is in the process of adopting IFRS.

• Several Middle Eastern countries have adopted IFRS and several more are considering it.

Continuous Professional Development Units will be issued at the end of the event

DATE: August 11-13, 2009
VENUE: Sheraton hotels and towers, Lagos
WHO SHOULD ATTEND?

Accountants
Financial analysts
Financial Managers
Portfolio managers
Securities analysts
Credit / investment banking analysts
Senior managers
Auditors
Managers of small and medium-sized enterprises
Tax accountants

Limited Seats are available.

for more details contact: Call: Goke-08064861659 Ola:08036884322, Femi: 08064512547, Banji: 08062362047