International Financial Reporting Standards (IFRS) and Financial Reporting Disclosure Quality; Evidence from Nigerian Banks
| dc.contributor.author | Lukman Adebayo Oke Abdulrauf | |
| dc.contributor.author | Abdul Olalekan Hassan | |
| dc.contributor.author | Taofeeq Abdulazeez | |
| dc.date.accessioned | 2025-04-07T12:31:42Z | |
| dc.date.available | 2025-04-07T12:31:42Z | |
| dc.date.issued | 2021 | |
| dc.description.abstract | Financial statements are prepared to meet the need of users for economic decisions. National and international standard setters, relevant accounting regulators bodies, portfolio holders, potential investors, the accounting academics/ researchers and Analysts have all shown interest in the effect of financial reporting on the general well-being of companies in Nigeria. Hence, this study examined the impact of compliance of Nigerian banks with IFRS disclosure guidelines and improvement in the acceptability of financial reporting practices in Nigerian using purposive sampling technique approach. Secondary data were obtained from annual reports of the companies for the period from 2014-2016 and a content analyses design was adopted for this study for a comprehensive assessment of the selected banks’ disclosure practices during the years covered based on IFRS disclosures checklist. The study employed static panel data regression analysis technique. The result from BP-LM showed a chi-square value of 0.13 with p-value of 0.3614 indicating that pooled OLS will be appropriate for the study. Thus, estimate from Poled OLS model were interpreted to explain the impact of IFRS compliance on disclosure quality in the Nigerian banking industry. The result revealed that IFRS compliance has impact on disclosure of statement of financial position items, disclosure of Statement of comprehensive income items and disclosure of Statement of changes in equity items with positive relationship while disclosures of statement of cash flows items is negatively and insignificantly related to IFRS compliance in the Nigerian banking industry. In line with the findings, the study concluded that IFRS compliance has impact on disclosures quality in the Nigerian banking industry in the area of statement of financial position items, statement of comprehensive income items and statement of changes in equity items. This study recommends among others that banks should ensure consistency and transparency as countries adopt a single set of high quality, global accounting and financial reporting standards | |
| dc.identifier.issn | 2672-5593 | |
| dc.identifier.uri | https://kwasuspace.kwasu.edu.ng/handle/123456789/4874 | |
| dc.language.iso | en | |
| dc.publisher | Edo Journal of Arts, Management and Social Sciences | |
| dc.title | International Financial Reporting Standards (IFRS) and Financial Reporting Disclosure Quality; Evidence from Nigerian Banks | |
| dc.type | Article |