Title:
THE IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) ADOPTION ON THE QUALITY OF CONSOLIDATED FINANCIAL REPORTING IN NIGERIA

Authors:
JOSEPH BABATUNDE AKEJU, AHMED ADESHINA BABATUNDE

Volume - 2 Issue - 2, Pages - 2505-2516

Abstract:
The purpose of this paper is to investigate the impact of IFRS adoption on the quality of consolidated financial reporting in Nigeria. This research has been performed using a sample of 20 companies listed on the Nigeria Stock Exchange (NSE) from 2010 to 2015. The relationship between the explained variable (market price per share) and explanatory variables was observed. The results of the multiple regression analysis were statistically significant at 0.001, 0.01 and 0.05 levels. The findings of the study revealed that the adoption of IFRS in the preparation of consolidated financial statement increases the quality of financial reporting in Nigeria. The research evidence also indicated that the adoption of IFRS increases the value relevance (relative quality) of financial reporting in Nigeria. Moreover, we ascertained an incremental utility (quality surplus) of financial reporting as a result of adoption of IFRS in Nigeria.

Cite this Article:

[AKEJU, JOSEPH BABATUNDE, and AHMED ADESHINA BABATUNDE. "THE IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) ADOPTION ON THE QUALITY OF CONSOLIDATED FINANCIAL REPORTING IN NIGERIA." International Journal of Social Science & Economic Research 2.2 (2017): 2505-516.]