The impact of mandatory adoption of international financial reporting standard on accounting quality in Nigeria

The impact of mandatory adoption of international financial reporting standard on accounting quality in Nigeria

This study was aimed to empirically evaluate the impact of mandatory adoption of IFRS on accounting quality in Nigeria using the publicly quoted companies. The study utilized the annual reports and accounts of 108 companies quoted in Nigerian Stock Exchange for the period of 2011 to 2012. After rev...

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Main Author: Maigoshi, Zaharaddeen Salisu
Format: Thesis
Language:eng
eng
Published: 2014
Subjects:
HF5601-5689 Accounting
Online Access:https://etd.uum.edu.my/4571/1/s815076.pdf
https://etd.uum.edu.my/4571/2/s815076_abstract.pdf
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institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Saidin, Siti Zabedah
topic HF5601-5689 Accounting
spellingShingle HF5601-5689 Accounting
Maigoshi, Zaharaddeen Salisu
The impact of mandatory adoption of international financial reporting standard on accounting quality in Nigeria
description This study was aimed to empirically evaluate the impact of mandatory adoption of IFRS on accounting quality in Nigeria using the publicly quoted companies. The study utilized the annual reports and accounts of 108 companies quoted in Nigerian Stock Exchange for the period of 2011 to 2012. After review of relevant literatures related to this field of study, conceptual framework was formulated and research hypotheses were developed to enable good examination of the relationship between research variables. Multiple regression analysis was employed in analyzing the data generated for the study. Based on the data analyses, the study revealed a significant increase in the value relevance of financial statement in Nigeria after the mandatory adoption of IFRS. The study found that earnings management has reduced with the adoption of IFRS as reporting standard in Nigeria and large loss recognitions have also increased in the post adoption period. Based on the research findings, the researcher recommends that developing nations should adopt IFRS as their financial reporting standard as it is capable of increasing their accounting quality. The researcher also recommends that research should be conducted to analyze why IFRS improves the accounting quality based on standard by standard, not the whole package as whole.
format Thesis
qualification_name masters
qualification_level Master's degree
author Maigoshi, Zaharaddeen Salisu
author_facet Maigoshi, Zaharaddeen Salisu
author_sort Maigoshi, Zaharaddeen Salisu
title The impact of mandatory adoption of international financial reporting standard on accounting quality in Nigeria
title_short The impact of mandatory adoption of international financial reporting standard on accounting quality in Nigeria
title_full The impact of mandatory adoption of international financial reporting standard on accounting quality in Nigeria
title_fullStr The impact of mandatory adoption of international financial reporting standard on accounting quality in Nigeria
title_full_unstemmed The impact of mandatory adoption of international financial reporting standard on accounting quality in Nigeria
title_sort impact of mandatory adoption of international financial reporting standard on accounting quality in nigeria
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2014
url https://etd.uum.edu.my/4571/1/s815076.pdf
https://etd.uum.edu.my/4571/2/s815076_abstract.pdf
_version_ 1747827756955074560
spelling my-uum-etd.45712022-06-02T03:06:26Z The impact of mandatory adoption of international financial reporting standard on accounting quality in Nigeria 2014 Maigoshi, Zaharaddeen Salisu Saidin, Siti Zabedah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting This study was aimed to empirically evaluate the impact of mandatory adoption of IFRS on accounting quality in Nigeria using the publicly quoted companies. The study utilized the annual reports and accounts of 108 companies quoted in Nigerian Stock Exchange for the period of 2011 to 2012. After review of relevant literatures related to this field of study, conceptual framework was formulated and research hypotheses were developed to enable good examination of the relationship between research variables. Multiple regression analysis was employed in analyzing the data generated for the study. Based on the data analyses, the study revealed a significant increase in the value relevance of financial statement in Nigeria after the mandatory adoption of IFRS. The study found that earnings management has reduced with the adoption of IFRS as reporting standard in Nigeria and large loss recognitions have also increased in the post adoption period. Based on the research findings, the researcher recommends that developing nations should adopt IFRS as their financial reporting standard as it is capable of increasing their accounting quality. The researcher also recommends that research should be conducted to analyze why IFRS improves the accounting quality based on standard by standard, not the whole package as whole. 2014 Thesis https://etd.uum.edu.my/4571/ https://etd.uum.edu.my/4571/1/s815076.pdf text eng public https://etd.uum.edu.my/4571/2/s815076_abstract.pdf text eng public masters masters Universiti Utara Malaysia Adenola, K. Y. (2011). 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