Influence of IFRS Adoption on the Financial Reporting Quality of Nigerian Public Companies
Authors: Udefi, Geoffrey Ndubuisi, Onah, Kelvin Amobi, Nnabuenyi, Cherechi Flourish, Nkwo, Festus Ndubuisi
Journal: International Journal of Advanced Finance and Accounting (IJAFA), ISSN 2765-8457
Citation: IJAFA 6(2): 1-10, 2025-09-16.
DOI: 10.5281/zenodo.17113270
PDF: Download full-text PDF
Type: Original Research
Abstract
This study examines the influence of International Financial Reporting Standards (IFRS) adoption on the financial reporting quality of Nigerian public companies. Using a survey of 300 accounting officers from firms listed on the Nigerian Exchange Group (NSE), data were analyzed through descriptive statistics and regression analysis. Results indicate that a majority of respondents recognize significant improvements in key qualitative attributes of financial reporting, with over 58% affirming enhanced faithful representation and comparability, and more than half rating relevance as high or very high. These subjective findings are corroborated by regression results showing a strong, statistically significant positive effect of IFRS adoption on reporting quality (β = 0.657, p Keywords IFRS Adoption; Financial Reporting Quality; Nigerian Public Companies; Accounting Standards; Implementation Challenges Citation
Keywords
IFRS Adoption, Financial Reporting Quality, Nigerian Public Companies, Accounting Standards, Implementation Challenges
Full Text
This study examines the influence of International Financial Reporting Standards (IFRS) adoption on the financial reporting quality of Nigerian public companies. Using a survey of 300 accounting officers from firms listed on the Nigerian Exchange Group (NSE), data were analyzed through descriptive statistics and regression analysis. Results indicate that a majority of respondents recognize significant improvements in key qualitative attributes of financial reporting, with over 58% affirming enhanced faithful representation and comparability, and more than half rating relevance as high or very high. These subjective findings are corroborated by regression results showing a strong, statistically significant positive effect of IFRS adoption on reporting quality (β = 0.657, p Keywords IFRS Adoption; Financial Reporting Quality; Nigerian Public Companies; Accounting Standards; Implementation Challenges Citation