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Examining the Relationship between Awareness and Adoption of IFRS among SMES in West Africa: The Moderating Role of Compliance of IFRS
Agyemang-Yeboah E.

Agyemang-Yeboah, Eugene. (2025) “Examining the Relationship between Awareness and Adoption of IFRS among SMES in West Africa: The Moderating Role of Compliance of IFRS.” Business Inform 9:61–69.
https://doi.org/10.32983/2222-4459-2025-9-61-69

Section: Foreign Experience

Article is written in English
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UDC 336.7:347.7

Abstract:
This study investigates the moderating role of compliance on the relationship between awareness and adoption of IFRS among SMEs in West Africa. The study used an explanatory design of the quantitative approach underpinned by a positivist philosophy. Data were collected through structured questionnaires administered both online and face-to-face, following ethical clearance from the university's ethics committee. The sample included respondents from SMEs across four West African countries: Ghana (347 respondents), Nigeria (70 respondents), Senegal (58 respondents), and Ivory Coast (42 respondents). With the aid of Smart PLS software, Partial Least Squares Structural Equation Modeling (PLS-SEM) was used to test hypotheses. An asymmetric analysis was conducted using fsQCA software. There was moderate level of awareness, adoption and compliance of IFRS among SMEs in West Africa. Also, awareness influences adoption of IFRS among SMEs in West Africa. Similarly, compliance also influence adoption of IFRS. Nevertheless, compliance does not significantly moderate the relationship between awareness and adoption, suggesting that awareness alone is insufficient to drive adoption without practical support. It is recommended that policymakers and regulators should develop interventions that distinctly focus on awareness enhancement such as training, sensitisation campaigns, and professional education and compliance augmentation such as monitoring, enforcement, and technical assistance. Furthermore, practical guides and tools should be developed to assist SMEs in understanding complex IFRS requirements. Collaboration with local and regional accounting bodies to provide subsidized training programs would also help alleviate the burden of IFRS adoption, ensuring that SMEs are better equipped to handle the complexities they face.

Keywords: moderation, awareness, adoption, compliance, SMEs, West Africa.

Fig.: 3. Tabl.: 5. Bibl.: 21.

Agyemang-Yeboah Eugene – Applicant, Sumy State University (57 Petropavlivska Str., Sumy, 40000, Ukraine)
Email: [email protected]

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