مسار بولونيا

فالح ماجد حسن

السنة عنوان البحث نشر البحث
2025 The Impact of Implementing International Financial Reporting Standards (IFRS) on Local Institutions Scientific Research Journal of Economics and Business Management
IFRS adoption has become a critical component in enhancing quality and comparability of financial reporting outcomes on a global scale. The study seeks to discuss the influence of IFRS implementation in the local setting with reference to its effect on financial transparency, the quality of financial reporting and the attractiveness of investment. It evaluates the impact of those standards on the performance, both operationally and financially, of the local institutions besides bringing to light the problems they have in the adjustment to international accounting practices. This research has undertaken a mixed methodology through the combined utilization of both qualitative and quantitative data collection. It will analyze the financial statements of local institutions before and after the adoption of IFRS to trace significant changes. The research will also survey and interview the major stakeholders, particularly the financial managers and accountants, to elicit their experiences and opinions about the transition to IFRS. The results are anticipated to bring out the benefits of adopting IFRS; ensured transparency, increased investor confidence and standardized financial reporting practices. The study shall also bring out some challenges which will include among other things the heavy cost of implementation, the need for proper training and the resistance of people within the organization to change. It is against this backdrop that the present study is conducted with the view to proffer practical recommendations to local organizations and/or policymakers toward the successful adoption of IFRS which, when actualized, gives a further push to them for improving their competitive posture and integration into the world's economy.