The impact of international financial reporting standards on corporate financial performance. A case study of saccos in embu county.

Abstract

This research project sought to establish the impact of the implementation of International Financial Reporting Standards (IFRS) on corporate financial performance of Saccos in Embu County, Kenya. The research involved a case study of selected Saccos in the county. The study collected both primary and secondary data from the selected Saccos to investigate the effect of IFRS on corporate financial performance. The research collected quantitative data, such as financial statement analysis, and qualitative data, such as interviews and questionnaires, to analyse the impact of IFRS on corporate financial performance of Saccos. The research will also carry out a comparative analysis between Saccos that adopted IFRS and those that did not. The study also included an analysis of the challenges faced by Saccos in Embu County in the implementation of IFRS. The findings of the research may be used to make recommendations that will help Saccos in Embu County improve their corporate financial performance through the implementation of IFRS. The research is expected to provide valuable insights into the impact of IFRS on corporate financial performance.