NIGERIA IS A TOUGH GIG FOR A FINANCE DIRECTOR – EVEN FOR A RUSSIAN
June 1st, 2013
Although proper accounting is important for developing and emerging economies – for instance, informational transparency decreases transactional costs - obstacles remain, said Evgeny Buben, Gazprom Nigeria's CFO: "There's a lack of political will to start the process of harmonisation and control implementation; a lack of professionals capable of performing proper implementation; resistance from local accounting bodies and other local influential groups; resistance of local accountants and auditors to changes." Comparing accounting trends to thermodynamics, ...
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