Zubairu, Abdullahi DanjumaAbubakar, Halimatu Sadiya2023-12-102023-12-102015-05-05Zubairu, AbduIIahi D., & Abubakar, Halimatu S. (2015) HARMONIZATION AND ADOPTION OF INTERNATIONAL ACCOUNTING STANDARDS (IAS AND IFRS): ISSUES AND CHALLENGEShttps://keffi.nsuk.edu.ng/handle/20.500.14448/359This study describes the harmonization and Adoption of International Accounting Standards (IAS and IFRS). The study has identified the issues and challenges associated with harmonization and adoption of the IAS and IFRS. The findings from the study shows that the IASB was formulated for the purpose of achieving comparability of financial reports of among different countries and different sectors of various economy, setting up standards that will be accepted internationally, but still had its weaknesses during the harmonization process. The adoption of the IFRS has brought about issues of challenge to many business operations around the world. However, the study has made recommendations that have do with the review by the IASB in terms of membership of the board of trustees, convergence process and conflicts or criticisms by developing nations. It has also made recommendations about the issues to be considered for the adoption of the IFRS.enHarmonization, Adoption, IAS and IFRS.Article