Adoption of IFRS standards

The general managers and financial officers of the African insurance and reinsurance companies along with auditors and representatives of the regulatory authorities will meet in Cameroon next March 2 and 3 for a two-day seminar. Attendees will be debating IFRS utility and the benefits that such a practice may provide in terms of simplifying financial reports and accounting procedures. According to some experts, the adoption of the IFRS standards would achieve more transparency for both investors and shareholders.