Master-Arbeit Univ. St. Gallen, 2008.

Augsburg, Univ., Diss., 2008.

Zugl.: München, Techn. Univ., Diss., 2008

Zugl.: Bochum, Universiẗat, Diss., 2004.

Zugl.: Passau, Universiẗat, Diss., 2004.

Fachhochsch., Diplomarbeit, 2005--Aachen.

Universiẗat, Diss., 2005--Bochum.

Zugl.: Dortmund, Universiẗat, Diss., 2009.

Zugl.: Frankfurt (Main), Univ., Diss., 2008

M.Comm. (International Accounting) / Globalisation is causing a convergence of economic, trading, political and social processes. As a result, geographical boundaries are becoming less significant in the world of business and accounting as most countries around the world have chosen to adopt a common language: International Financial Reporting Standards (hereafter IFRS). The problem is that most of the countries on the African continent have yet to become part of this global conversation as there are serious challenges hindering the adoption of IFRS. The primary objective of this study was to discuss the challenges that continue to hinder the effective adoption of IFRS in the majority of African countries. The objective of the study was explored through the review of: i) current international accounting structures and how Africa fits in; ii) the benefits of adopting IFRS; iii) the current status of IFRS in Africa; and iv) challenges faced by countries in Africa that have already adopted IFRS. An empirical study consisting of a questionnaire (distributed to 35 registered accounting bodies in Africa) and interviews with significant individuals in the international accounting profession were also utilised to meet the objective of the study and the results were analysed and discussed in detail. It was concluded that there are many challenges that continue to hinder the adoption of IFRS in the majority of countries on the African continent and structures are currently being put into place in order that these challenges may be addressed.