This write up intends to discuss how prepared are the Nigerian Accountants in the adoption of the International Financial Reporting Standards (IFRS). The researcher started with the definition of IFRS, the requirement of IFRS, practical IFRS implementation issued for emerging economies, its importance to Nigerian, the challenges it posed were also discussed. It went further to discussed how prepared are the Nigerian Accountants. The article concludes with recommendations and issue that should attract the attention of professional bodies, regulators and corporate entities
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