Abstract
This study aims to explore the potential challenges that Algeria may face in fully adopting the International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). Even though the adoption of IFRS has significantly increased and resulted in significant improvements in transparency, accounting quality, and comparability of financial information among global enterprises, Algeria continues to use a financial accounting system (SCF) that is only inspired by IAS. This study does a thorough review of the literature to find these possible problems and explain how the SCF works in terms of how it fits with IFRS. The findings indicate that Algeria faced multifaceted challenges, such as underdeveloped financial markets, difficulties in asset valuation, a lack of comprehensive economic information systems, slow progress in accounting education, and resistance to change among enterprises. The rushed implementation, inadequate infrastructure, and entrenched reliance on previous systems compounded the hurdles. Overcoming these obstacles requires comprehensive reforms addressing regulatory, educational, and cultural aspects while providing sufficient time for adjustment and capacity building.
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