International Financial Reporting Standards Adoption In Africa: The Role of International Power Politics

The primary objective of the paper is to investigate the influence of international Power Politics (IPP) on adoption of International Financial Reporting Standards (/FRS) in Africa. The cluster sampling and simple random sampling techniques were adopted in this study. From a population of fifty four countries making up the African continent, a sample of forty six countries was selected. A cross-sectional data of countries for the year 2011 was collected from World Bank world development mdicators data base and world almanac and book of facts. The data collected were analysed using the ordered logistic regression technique. The study reveals that international power politics has a positive but not significant relationship with · adoption of /FRS in Afnca. The implication of this result is a policy shift towards growth in gross domestic product in Africa and the need for the International Accounting Standards Board (IASB) to revisit the present composition oftlre board of the IASB if adoption of international financial reporting standards is to be enhanced in Afric