DETERMINANT OF QUALITY OF IFRS COMPLIANCE LEVEL OF LISTED FINANCIAL SERVICE FIRMS IN NIGERIA
Date
2020-07-09
Journal Title
Journal ISSN
Volume Title
Publisher
Department Of Accounting, Faculty Of Administration, Nasarawa State University, Keffi.
Abstract
This paper examines the factors that determine the quality of IFRS compliance among listed financial service firms in Nigeria. The study employs quantitative research design and sourced data from secondary sources using annual reports and accounts. The period of study is from 2012 to 2018 financial years. Disclosure items were adopted from IAS 1 and Likert scale were used to score the quality of compliance while six possible factors were utilised as determinants. The study estimates regression equation using OSL estimation and the result reveals that audit quality, profitability, liquidity and foreign ownership have significant positive relationship whereas age and leverage have negative influence on the quality of IFRSs compliance among the sampled financial services sector in Nigeria. Hence, the study recommends that these factors should be given adequate attention by FRCN, CBN, SEC and other regulatory bodies in ensuring the IFRSs compliance among the listed firms in the country.
Description
Keywords
IFRSs, Quality of Compliance, Financial Services Sector, Regulatory bodies, Nigeria
Citation
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