The Financial Standards in Canada, The Caribbean Islands (Bahamas, Barbados, Jamaica), and Nigeria

As the accounting standards for more than 120 countries, the International Financial Reporting Standards sets the global framework for how public companies prepare and disclose their financial statements. The primary objective of accounting standards setters like the International Accounting Standard Board (IASB) is to provide global accounting standards which give investors greater financial and operational transparency when making investment decisions.Therefore, emphasis is placed on the Cultural or Social Impact Analysis and the principal issues that affect the implementation and adoption of International Financial Reporting Standards (IFRS) in the Caribbean Islands (The Bahamas, Barbados and Jamaica), Canada and Nigeria, specifically with regards to politic, economic, legal, regulatory and education and awareness as it pertains to such.