عنوان
پدید آورنده
موضوع
رده
کتابخانه
محل استقرار
TL51813
انگلیسی
Determinants of International Financial Reporting Standards Compliance Level Among Listed Deposit Money Banksin Nigerian
[Thesis]
Aliyu Mohammed, Aisha
Sanni, Mubarak
Kwara State University (Nigeria)
2019
107 p.
M.S.
Kwara State University (Nigeria)
2019
The transition from the local accounting standards to the International Financial Reporting Standards which was aimed at improving the quality of financial statement has not met the objectives as most companies still hide vital information away from the financial statement. This has been attributed to the discretion given to the managers by the accounting standard in the interpretation of some standards in the financial statement, thereby leading to low level of compliance with IFRS disclosure requirements by firms around the globe. Therefore, this study examined the determinants of International Financial Reporting Standards among listed deposit money banks in Nigeria. The study employed ex-post facto research design. The population of the study consists of fifteen (15) listed deposit money banks in the Nigeria Stock Exchange as at 31st December, 2018 and twelve (12) banks were selected as its sample size. Secondary data were collected from the annual report and accounts of banks chosen as sample for a period of seven years (2012-2018). Multivariate regression technique was employed in testing the hypotheses raised in the study. The study found those firms' specific characteristics (proxy through profitability, audit firm size and firms size), audit committee specific characteristics (audit committee independence, audit committee financial expertise and audit committee meetings) and board specific characteristics (board independence, foreign members on the board and board gender diversity) have significant positive effect on the level of compliance with IFRS at 95% confidence level (Wald result of 7.52 and p-value of 0.0009; f-statistics of 36.75 and 18.81 with p-values of 0.0000 and 0.0000 respectively). This implies that banks in Nigeria consider some specific factors before disclosing certain information in line with the disclosure requirements of IFRS in their various financial statements. The study, therefore, concludes that, firm's characteristics, audit committee characteristics and board characteristics have significant positive effect on the level of IFRS compliance level among listed deposit money banks in Nigeria. The study recommends that policy makers should ensure that board of directors and audit committee formed by various banks should have more independent members which will be able to represent the shareholders' interest and force management to disclose more information in the financial statement.
Accounting
Aliyu Mohammed, Aisha
Sanni, Mubarak
Kwara State University (Nigeria)
مطالعه متن کتاب p
[Thesis]
276903
a
Y
