THE IMPACT OF REGULATORY CHANGES ON INTERNATIONAL ACCOUNTING STANDARDS
ABSTRACT
This study investigates (1) the effects of recent regulatory changes on international accounting standards, (2) the challenges faced by accountants in adapting to these changes, and (3) the implications for financial reporting and compliance. A survey research design is utilized to capture a wide range of experiences and perspectives from international accountants. A sample size of 360 respondents, derived using Taro Yamane's formula, ensures a robust and representative sample. The case study is based in Abuja, Nigeria, where recent regulatory shifts have had significant impacts on the accounting profession. The reliability coefficient score of the survey instrument is 0.89, indicating high internal consistency. Findings demonstrate that regulatory changes pose significant challenges but also drive improvements in financial reporting and transparency. Recommendations include the need for continuous professional development to keep pace with regulatory changes and the adoption of flexible accounting systems capable of accommodating evolving standards.
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